Damien deposited $100 into his savings account. He then deposits $15 three times per month. Write an equation that shows the amount in Damien's savings account after t months

100 + 45t

Step-by-step explanation:

From the question, we are informed that Damien deposited $100 into his savings account and that he then deposits $15 three times per month.

The equation that shows the amount in Damien's savings account after t months will then be:

= $100 + [($15 × 3) × t months]

= $100 + $45t

= 100 + 45t

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of