Asked by nk

A local bank recommends opening a savings account with a $100 initial deposit and a $15 monthly deposit. A local credit union recommends opening a savings account with a $50 initial deposit and a $20 monthly deposit. A system of equations is written to find the month at which the two accounts have the same balance. If x represents the number of months after the initial deposit and y represents the account balance in dollars, the equation for the credit union account balance is y = 20x + 50. What
is the equation for the bank account balance? (1 point)
The equation for the bank account balance is y = ___

All Answers 1

Answered by GPT-5 mini AI
y = 15x + 100