I have no idea how to do this! Can somebody please help me out a little?
1 answer:
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Answer:
Interest Chaney earns after 3 years is $56.85
Step-by-step explanation:
Given:
Amount deposited = $1435.73
Simple annual interest rate = 1.32% = 1.32/ 100 = 0.0132
To find: Interest after 3 years
We know that the formula to calculate the interest amount is
Simple interest (S.I.) =
where,
P is the initial amount deposited
r is the rate of simple interest in percentage
t is the time in years for which interest is to be calculated
Substituting the known values in the formula, we get
S.I =
= 56.85
Hence the interest Chaney earns after 3 years is $56.85
Answer:
Linear function
Step-by-step explanation:
Given
Required
Linear or Exponential
A linear equation has the form: ;
An exponential has the form:
By comparing both functions to:
The linear function is similar to
<em>Hence, the given function is a linear function.</em>