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you start a savings account with $200 and save $300 each month. Write an explicit formula to represent the amount of money you invest into your savings account as an arithmetic sequence. How much money will you have invested after 12 months?

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MrRoyal

I would have saved a total of $3800 in 12 months

How to determine the amount of money invested in 12 months?

From the question, the given parameters are:

  • Initial amount of savings = $200
  • Savings each month = $300

The amount saved at the end of each month is represented as

Total amount = Initial amount of savings + Savings each month x Number of months

So, we have

y = 200 + 300x

Where x represents the number of months and y represents the total amount

For 12 months, we have

y = 200 + 300 x 12

Evaluate

y = 3800

Hence, the amount of money saved in 12 months is 3800

Read more about linear equations at

https://brainly.com/question/12700955

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