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tekilochka [14]
3 years ago
6

Aiden currently has a balance of $4,443.48 in an account he has held for 17 years. He opened the account with an initial deposit

of $2,567. What is the simple interest rate on the account?
Mathematics
1 answer:
Stella [2.4K]3 years ago
5 0
First calculate the interest earned by subtracting the initial deposite from the current balance
4,443.48−2,567=1,876.48

Now use the formula of the simple interest which is
I=prt
I interest earned 1876.48
P principle 2567
R interest rate?
T time 17 years
Solve the formula for r to get
R=I/pt
R=1,876.48÷(2,567×17)
R=0.043×100
R=4.3%

Hope it helps!
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The given function is a linear function that decreases as the value of the

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Reasons:

The given function is f(x) = 9 - 2·x

The output of the function is the value of f(x) for a given input <em>x</em> of the function.

The input value, <em>x</em> is substituted into the function to obtain the output value, f(x).

Given that the input, x = 10

We have;

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(a) x= 1, substituting into equation (1) we have:

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From (a), P (1) =  0.2885

P(0.5) =P(1) =  [exp (-0.5/2.2)]/2.2

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P (0.5<x<1) = 0.3621 -0.2885

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