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15 September, 03:34

izmo is investing in TikTok stock. He plans on adding an additional $250 at the end of every year and the expected monthly rate of return is 8.3% of the amount invested, calculated at the end of the month. If he starts with $425 in the account, write an equation that models the amount of money in the account each month for the first year.

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  1. 15 September, 03:46
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    y=425*250^1.083

    Step-by-step explanation:

    It wants to write an equation of that models the amount of money in the account each month for the first year.

    We need the Exponential Equation Formula: y=a*bx

    Y is the amount of money in the account.

    a is the initial amount he starts with

    b is the amount being added each month

    x is the rate of return

    So, y=425*2501.083
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