SOLUTION: Your favorite aunt put money in a savings account for you. The account earns simple interest; that is, it increases by a fixed amount each year. After 2 years your account has $825

Algebra ->  Linear-equations -> SOLUTION: Your favorite aunt put money in a savings account for you. The account earns simple interest; that is, it increases by a fixed amount each year. After 2 years your account has $825      Log On


   

Question 260610: Your favorite aunt put money in a savings account for you. The account earns simple interest; that is, it increases by a fixed amount each year. After 2 years your account has $8250 in it and after 5 years it has $9375. Let x represent number of years and y amount of money in your account.
A. Construct a linear equation to model the amount of money in your account after X years.
I got y=375x + 8248 not sure if it's correct
B. How much did your aunt put in initially? I got $8,248

C. How much will your account have after 10 years? I got $11,998
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
So what did you do to make the equation? What formulas did you use?
What is the slope?
How did you get what you got?
Where is your work?
They look like pure bad guesses to me.
After two years $8248 earned $2 in interest but after ten years it is going to earn over $3000 ?