Olivia is opening a bank account. There is a special promotion where if she deposits $3000 and then makes no additional deposits or withdrawals her account will earn $3 interest per month. Write the equation of this function between the number of months and total amount of money Olivia will have in her account

1 answer

Let's denote the number of months as x and the total amount of money in Olivia's account after x months as y.

Since Olivia deposits $3000 initially and earns $3 interest per month, the equation of the function can be represented as:

y = 3000 + 3x

This equation shows that Olivia's account will have $3000 initially and will increase by $3 for every month that passes.