Oliwia is opening a bank account. She learns that there is a special promotion where if she deposits $3000 and then makes no additional deposits or withdrawals. Her account will earn three dollars in interest per month write the equation of a linear function that models the relationship between numbers of months and total amount of money oliwia will have in her account

Question

Oliwia is opening a bank account. She learns that there is a special promotion where if she deposits $3000 and then makes no additional deposits or withdrawals. Her account will earn three dollars in interest per month write the equation of a linear function that models the relationship between numbers of months and total amount of money oliwia will have in her account

Answer 1

Let x represent the number of months and y represent the total amount of money in Oliwia's account after x months.

Initially, she deposits $3000, so the starting amount is $3000. Over time, the account earns $3 in interest per month.

Therefore, we can write the equation as: y = 3000 + 3x.