Oliwia is opening a bank account. She learns that there is a special promotion where if she deposits $3,000 and then makes no additional deposits or withdrawals, her account will earn $3 in interest per month. Write the equation of a linear function that models the relationship between number of months and total amount of money Oliwia will have in her account.(1 point)

Responses

y=3,000x+3
, where x
is the number of months and y
is the total amount of money Oliwia will have in her account.
y equals 3,000 x plus 3 , where x is the number of months and y is the total amount of money Oliwia will have in her account.

y=3x+3,000
, where x
is the number of months and y
is the total amount of money Oliwia will have in her account.
y equals 3 x plus 3,000 , where x is the number of months and y is the total amount of money Oliwia will have in her account.

y=3x+1,000
, where x
is the number of months and y
is the total amount of money Oliwia will have in her account.
y equals 3 x plus 1,000 , where x is the number of months and y is the total amount of money Oliwia will have in her account.

y=1,000x+3
, where x
is the number of months and y
is the total amount of money Oliwia will have in her account.

1 answer

To model the total amount of money in Oliwia's bank account over time, we start with her initial deposit of $3,000 and account for the interest earned over the months.

We know that the account earns $3 in interest per month. Therefore:

  • The initial amount in the account is $3,000.
  • For each month \( x \), she earns an additional $3 in interest.

The equation can be written as follows:

\[ y = 3,000 + 3x \]

This equation means that for \( x \) months, the total amount \( y \) in the account is the initial deposit ($3,000) plus $3 for each month.

To match this with one of the options provided, we rewrite it in the format of the choices given:

\[ y = 3x + 3,000 \]

Thus, the correct answer is:

y = 3x + 3,000, where x is the number of months and y is the total amount of money Oliwia will have in her account.