Rates, SM-Bank 048

Zach is saving money every year. The graph shows how much money is in his bank account at the end of each year.

What was Zach's average amount of money saved per year during the first 5 years? (2 marks)

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$$120\text{/year}$

Show Worked Solution

$\text{Average saved per year}$	$=\dfrac{\text{Money at Y5}}{\text{time}}$
	$= \dfrac{600}{5}$
	$= $120\text{/year}$

\(\text{Average saved per year}\)	\(=\dfrac{\text{Money at Y5}}{\text{time}}\)
	\(= \dfrac{600}{5}\)
	\(= $120\text{/year}\)