Math Problem Statement

Priya starts with $50 in her bank account. She deposits $20 each week for 12 weeks. Write an equation that represents the relationship between the dollar amount in her bank account and the number of weeks of saving. Graph the equation and determine how long it takes for her to save $250.

Solution

Let's break down the problem from the image step by step:

Problem Description:

  • Initial deposit: Priya starts with $50 in her bank account.
  • Weekly deposit: She deposits $20 each week for 12 weeks.

Part (a): Write an equation for the relationship.

Let:

  • yy = amount of money in the bank account after xx weeks.

At week 0, Priya has $50, and she adds $20 every week. So, the equation would be:

y=20x+50y = 20x + 50

where:

  • yy is the total amount of money in the bank,
  • xx is the number of weeks,
  • $50 is the initial amount,
  • $20 is the weekly deposit.

Part (b): Graphing and the amount after 3 weeks.

To graph this equation, the line starts at y=50y = 50 (the initial amount) and has a slope of 20, meaning the amount increases by $20 each week.

For 3 weeks, substitute x=3x = 3 into the equation:

y=20(3)+50=60+50=110y = 20(3) + 50 = 60 + 50 = 110

Thus, after 3 weeks, Priya has $110 in her account. On the graph, this would be the point (3,110)(3, 110).

Part (c): How many weeks to reach $250.

Set y=250y = 250 in the equation and solve for xx:

250=20x+50250 = 20x + 50 25050=20x250 - 50 = 20x 200=20x200 = 20x x=20020=10x = \frac{200}{20} = 10

It will take Priya 10 weeks to have $250 in her account.


Would you like any more details on this solution?

Here are some related questions:

  1. What would the equation look like if Priya increased her weekly deposit to $25?
  2. How much would Priya have after 8 weeks of saving?
  3. What is the slope of the equation and what does it represent in this context?
  4. How long will it take Priya to save $500?
  5. If Priya withdraws $30 after 6 weeks, how does that change her equation?

Tip:

When working with linear equations, always check the slope to understand how fast the quantity changes over time.

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Algebra

Formulas

y = mx + b (slope-intercept form)

Theorems

Slope-Intercept Form Theorem

Suitable Grade Level

Grades 6-8