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21 December, 11:39

14. You start an investment account with $3000 and save $100 each month. Write a

rule to represent the total amount of money you invest into your account as an

arithmetic sequence. How much money will you have invested after 12 months?

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Answers (1)
  1. 21 December, 11:41
    0
    4200

    Step-by-step explanation:

    In an arithmetic sequence equation t=a + (n-1) d, a is the starting value. In this case, a=3000.

    Although, since the initial investment is not considered the first month, the equation is t = a + dn.

    d is the rate of change. In this case, the rate of change is 100 for every month, n.

    Substitute these values from the problem to get an equation:

    t = 3000 + 100n

    t means the total amount of money we have for the amount of months (n) that passed.

    Sub n for 12.

    t = 3000 + 100n

    t = 3000 + 100 (12)

    t = 4200

    You will have $4200 after 12 months of investment.
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