Question
Given the equation
, where
is the amount of savings
and
is the number of months.
a) Find the amount in savings after 8 months.
b) After how many months will the savings be
?
a) Find the amount in savings after 8 months.
b) After how many months will the savings be
Ask by Dunn Bowman. in Canada
Jan 24,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
a) After 8 months, the savings are $600.
b) The savings will be $0 after 20 months.
Solution

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Extra Insights
To find the amount in savings after 8 months, we substitute
into the equation:
So, the amount in savings after 8 months is
.
Next, to determine after how many months the savings will be
, we set
:
Rearranging gives us:
Thus, the savings will be
after 20 months.