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1,000+250 x
Teresa currently has 
$1,000 in her bank account. The expression above models the amount of money in her account in 
x months if she deposits 
$250 into the account each month. Based on the expression, what is the amount, in dollars, Teresa will have in her account 6 months from now? (Ignore the 
$ symbol when entering your answer.)

1,000+250x 1,000+250 x \newlineTeresa currently has $1,000 \$ 1,000 in her bank account. The expression above models the amount of money in her account in x x months if she deposits $250 \$ 250 into the account each month. Based on the expression, what is the amount, in dollars, Teresa will have in her account 66 months from now? (Ignore the $ \$ symbol when entering your answer.)

Full solution

Q. 1,000+250x 1,000+250 x \newlineTeresa currently has $1,000 \$ 1,000 in her bank account. The expression above models the amount of money in her account in x x months if she deposits $250 \$ 250 into the account each month. Based on the expression, what is the amount, in dollars, Teresa will have in her account 66 months from now? (Ignore the $ \$ symbol when entering your answer.)
  1. Identify initial amount and monthly deposit: Identify the initial amount and the monthly deposit. Teresa starts with $1,000\$1,000 and deposits $250\$250 each month.
  2. Set up expression for total amount calculation: Set up the expression to calculate the total amount after xx months. The expression is 1,000+250x1,000 + 250x, where xx is the number of months.
  3. Substitute value of xx for 66 months: Substitute the value of xx with 66 to find out the total amount after 66 months.\newlineThe new expression is 1,000+250(6)1,000 + 250(6).
  4. Calculate total deposits after 66 months: Multiply 250250 by 66 to find the total amount of money deposited after 66 months.\newline250×6=1,500250 \times 6 = 1,500
  5. Find final amount in the account: Add the initial amount to the total deposits to find the final amount in the account.1,000+1,500=2,5001,000 + 1,500 = 2,500

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