PLEASE HELP ASAP. GIVING BRAINLIEST Gizmo is investing in TikTok stock. He plans on adding an additional $250 at the end of every year Question PLEASE HELP ASAP. GIVING BRAINLIEST Gizmo 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. in progress 0 2 weeks 2022-01-10T15:53:04+00:00 1 Answer 0 views 0 Answers ( ) 1. The equation is y = x + 35.275. Step-by-step explanation: Step 1; Gizmo starts at$425 and the monthly rate of return is 8.3%. So every month he gets back 8.3% of the $425 he starts with. To calculate how much 8.3% of$425 is we make 8.3% a fraction by dividing it by 100 and multiplying it with the amount.

8.3% of $425 = ×$425 = 0.083 × $425 =$35.275.

So every month $35.275 is added to the balance of the account. Step 2; Assume y is the amount of money in the account at the end of the month while x is the amount of money at the end of the previous month’s end. Using x and y we can form the following equation, y = x + 35.275. For the first month, y = x + 35.725 = 425 + 35.725 =$460.725.

For the second month, y = x + 35.725 = 460.725 + 35.725 = $496.45. For the third month, y = x + 35.725 = 496.45 + 35.725 =$532.175.

For the fourth month,   y = x + 35.725 = 532.175 + 35.725 = $567.90. For the fifth month, y = x + 35.725 = 567.90 + 35.725 =$603.625‬.

For the sixth month,     y = x + 35.725 = 603.625‬ + 35.725 = $639.35.‬ For the seventh month, y = x + 35.725 = 639.35‬ + 35.725 =$675.075‬.

For the eighth month,    y = x + 35.725 = 675.075‬ + 35.725 = $710.80. For the ninth month, y = x + 35.725 = 710.80 + 35.725 =$746.525‬.

For the tenth month,     y = x + 35.725 = 746.525‬ + 35.725 = $782.25. For the eleventh month,y = x + 35.725 = 782.25 + 35.725 =$817.975‬.

For the twelfth month,    y = x + 35.725 = 817.975‬ + 35.725 = $853.70 Gizmo then adds$250 to the \$853.70 at the beginning of the second year‬.