Michael's bank account opened with $100. 5 weeks after opening, his account balance was $250.

At this rate, how much money will he have 10 weeks after opening the account?

1 answer

To determine how much money Michael will have 10 weeks after opening his bank account, we first need to figure out the rate at which his account balance is increasing.

  1. Initial balance: $100

  2. Balance after 5 weeks: $250

  3. Increase in balance over 5 weeks:

    \[ 250 - 100 = 150 \]

  4. Rate of increase per week:

    \[ \text{Rate} = \frac{150}{5} = 30 \]

This means Michael's account is increasing by $30 each week.

  1. Total time after opening the account: 10 weeks.

  2. Total increase over 10 weeks:

    \[ \text{Increase over 10 weeks} = 30 \times 10 = 300 \]

  3. Total balance after 10 weeks:

    \[ \text{Total balance} = 100 + 300 = 400 \]

Therefore, 10 weeks after opening the account, Michael will have $400.