It will take 19 years and 6 months for the account value to reach 2900 dollars
Step-by-step explanation:
Given
Principal amount = 1400 dollars
Rate = 5.5 %
Final value = A = 2900
We have to find t
So,
The formula for simple interest is:
Putting values
Dividing both sides by 0.055
Rounding off to nearest tenth
19.5 years
Hence,
It will take 19 years and 6 months for the account value to reach 2900 dollars
Keywords: Interest, simple interest
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Answer:
Step-by-step explanation:
<u>We see that:</u>
- y- intercept is b = 0.5, point (0, 0.5)
- Rate of change is m = 1 as each next value of y is greater by 1.
<u>The function is:</u>
Correct choice is A
Answer:
your answer is point D represent