To determine how much money Simon deposited when he opened his account, we first need to establish the linear relationship represented by the values in the table. We can represent the total amount in his savings account as a linear equation of the form:
\[ S = mt + b \]
Here, \(S\) is the total money saved, \(t\) is the time in months, \(m\) is the constant rate of saving (slope), and \(b\) is the initial deposit (y-intercept).
Using the data points, we can calculate the slope \(m\) between two points. Let’s choose the points for \(t = 4\) and \(t = 6\):
- For \(t = 4\), \(S = 780\)
- For \(t = 6\), \(S = 896\)
Calculating the slope (\(m\)) using these two points:
\[ m = \frac{S_2 - S_1}{t_2 - t_1} = \frac{896 - 780}{6 - 4} = \frac{116}{2} = 58 \]
So, the constant saving rate is \(m = 58\) dollars/month.
Now we can use one of the points to find \(b\). Let's use the point for \(t = 4\), where \(S = 780\):
\[ 780 = 58(4) + b \] \[ 780 = 232 + b \] \[ b = 780 - 232 = 548 \]
Thus, Simon's initial deposit was $548.
Now we can write the complete equation to represent the situation:
\[ S = 58t + 548 \]
In summary:
The amount of money Simon deposited when he opened his account is $548.
The equation to represent the situation is:
\(S = 58t + 548\)