Question

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

Answer 1

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

Answer 2

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 $y=18+0.45x$.