Izmo is investing in TikTok stock. He plans on adding an additional $250 at the end of every year and the expected monthly rate of return is 8.3% of the amount invested, calculated at the end of the month. If he starts with $425 in the account, write an equation that models the amount of money in the account each month for the first year.

y=425*250^1.083

Step-by-step explanation:

It wants to write an equation of that models the amount of money in the account each month for the first year.

We need the Exponential Equation Formula: y=a*bx

Y is the amount of money in the account.

a is the initial amount he starts with

b is the amount being added each month

x is the rate of return

So, y=425*2501.083

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.