Oliwia id opening a bank account she learns that there is a special promotion where if she deposits $3,000 and. Then makes no additional deposits or withdrawals her account will earn $3 in interest per month write the equation of a linear function that modules the relationship between number of months of money oliwia will have in her account

Question

Oliwia id opening a bank account she learns that there is a special promotion where if she deposits $3,000 and. Then makes no additional deposits or withdrawals her account will earn $3 in interest per month write the equation of a linear function that modules the relationship between number of months of money oliwia will have in her account

Answer 1

Let x represent the number of months. The linear function will model the relationship between the number of months and the money Oliwia will have in her account.

Since Oliwia deposits $3,000 initially, her account balance will start at $3,000.

Then, for the next number of months, the account will earn $3 in interest per month. Therefore, for each month, Oliwia will have an additional $3 in her account.

Therefore, the equation of the linear function is given by:
Money = 3000 + 3x

This equation represents that the money Oliwia will have in her account is equal to $3,000 initially plus $3 for each month.