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Lana71 [14]
3 years ago
11

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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Today, you want to sell a $1,000 face value zero coupon bond you currently own. The bond matures in 3.5 years. How much will you
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3 years ago
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