Madison deposited $18 in a savings account that earns 2.5% simple interest. Which graph represent this scenario

Mathematics

2 answers:

Dmitriy789 [7]3 years ago

8 0

The answer is 7.20 because $18 divided by 2.5% is 7.20

zhenek [66]3 years ago

7 0

Answer:

Please find the attachment for the required graph.

Step-by-step explanation:

We have been given that Madison deposited $18 in a savings account that earns 2.5% simple interest.

The graph of the given situation would be a linear function.

We know that simple interest formula is in form $A=P+Prt$ , where,

A = Final amount,

P = Principal amount,

r = Interest rate in decimal form,

t = Time in years.

Let us convert given interest rate in decimal form.

$r=\frac{2.5}{100}=0.025$

Substitute the given values in above formula:

$A=18+18*0.025*t$

$A=18+0.45t$

The equation representing the given scenario would be $y=18+0.45x$ .

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