You open up a savings account. Your initial deposit is $300. You plan to add in $50 per month to save up for college. Write an equation to represent the situation.
Let m be the number of months. We have a Savings account function S(m):
S(m) = Monthly deposit * number of months + Initial Deposit
S(m) = 50m + 300
Let m be the number of months. We have a Savings account function S(m):
S(m) = Monthly deposit * number of months + Initial Deposit
S(m) = 50m + 300