Answer:
$32,400 after 12 years
Skills needed: Plugging into Equations
Step-by-step explanation:
1) We need to understand the formula given to us:
[tex]y=2700x[/tex], [tex]y=money[/tex], [tex]x=years[/tex]
After "x" years, the scholarship has funded y dollars. Whenever we are given x or y we can solve for the other variable given this equation.
2) In the problem, we are given x-value of years (12), and have to find out the y-value from that.
---> Plug in the x-value into the original equation:
-> [tex]y=2700(12)=32400[/tex]
32400 is your answer.
