Question
upstudy study bank question image url

Miguel and his wife are each starting a saving plan. Miguel will initially set aside \( \$ 750 \) and then add \( \$ 165 \) every month to the savings. The amount \( A \) (in dollars) saved this way is given by the function \( A=165 N+750 \), where \( N \) is the number of months he has been saving. His wife will not set an initial amount aside but will add \( \$ 495 \) to the savings every month. The amount \( B \) (in dollars) saved using this plan is given by the function \( B=495 N \). Let \( T \) be total amount (in dollars) saved using both plans combined. Write an equation relating \( T \) to \( N \). Simplify your answer as much as possible. \( T=\square \)

Ask by Powell Robbins. in the United States
Feb 03,2025

Real Tutor Solution

Tutor-Verified Answer

Answer

\( T = 660N + 750 \)

Solution

To find the total amount \( T \) saved by both Miguel and his wife after \( N \) months, we need to add their individual savings together. 1. **Miguel's Savings:** \[ A = 165N + 750 \] - He starts with an initial amount of \$750. - He adds \$165 every month. 2. **His Wife's Savings:** \[ B = 495N \] - She does not have an initial amount. - She adds \$495 every month. 3. **Total Savings:** \[ T = A + B = (165N + 750) + 495N \] Combine like terms: \[ T = (165N + 495N) + 750 = 660N + 750 \] So, the equation relating \( T \) to \( N \) is: \[ T = 660N + 750 \] **Answer:** \( T = 660\,N + 750 \)

Reviewed and approved by the UpStudy tutoring team

error msg
Explain
Simplify this solution

Beyond the Answer

To find the total amount \( T \) saved using both Miguel's and his wife's plans, you simply add their respective savings equations together. According to the information given, Miguel's savings is represented by \( A = 165N + 750 \) and his wife's by \( B = 495N \). Now, let's combine them! \[ T = A + B = (165N + 750) + (495N) \] By simplifying, you'll combine like terms: \[ T = 165N + 495N + 750 \] \[ T = 660N + 750 \] So, the total amount saved using both plans combined is: \[ T = 660N + 750 \] Ready to start saving? You and Miguel's wife can strategize and crush those savings goals! On another note, using savings tools like budgeting apps can really pay off! Not only do they help you keep track, but they’ll motivate you to stick to your plans. Plus, you'll avoid those common hiccups like forgetting to account for small expenses that can really add up! Happy saving!

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy