Person A is planning on saving money according to a rigid savings schedule. Plan A is to make an initial deposit of $400 and then add $20 per month to the account. Plan B is to make an initial deposit of $600 and then add $10 each month. For ease of calculation, the plan assumes no interest is earned on the money.

Task:

1. Use the above situation to complete the parts A1 through A4:

1. Provide an algebraic representation for the amount of money (y) earned using each plan.
   Note: Use the variable x to represent months.
2. Solve the system of equations algebraically to determine when the savings from each method will be equivalent.
3. Graph the lines using appropriate labels to show the graphical solution. You must graph the equation with appropriate labels.

1. Use the graph to determine the following:

1. Which plan provides the greatest savings if Person A stops saving after 14 months
2. Which plan provides the greatest savings if Person A stops saving after 23 months

4. Explain which quadrants of the graph are relevant.

Price: $5.51

Solution: The downloadable solution consists of 3 pages, 251 words and 1 charts.
Deliverable: Word Document