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If your bank account starts out with \( \$ 200 \) dollars and has \( \$ 3,800 \) after 12 months, the function representing this growth is \( f(x)=300 x+200 \). How much money is being added to the bank account per month on average? ch \( \$ 12 \) \( \$ 300 \) \( \$ 3,800 \) Back Next

Ask by Fleming Hammond. in the United States
Dec 06,2024

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The average amount added to the bank account per month is \( \$ 300 \).

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Bonus Knowledge

The function \( f(x) = 300x + 200 \) indicates that every month, an additional \( \$ 300 \) is deposited into the bank account. This means you’re steadily growing your savings, and over 12 months, that adds up nicely! Make sure to double-check those calculations because compound interest can sometimes be mistaken for linear growth. In this case, since the function is linear, it’s just a straightforward addition. Always look for signs that could hint at a different type of function, especially if you're dealing with investments!

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