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3 years ago

Veronica deposited $21 in a savings account that earns 2.4% simple interest. Which graph represents this scenario?

Mathematics

2 answers:

Archy [21]3 years ago

4 0

Answer:

The below graph represents this scenario.

Step-by-step explanation:

Given,

The deposited amount, P = $ 21,

Annual interest rate, r = 2.4 % = 0.024,

Thus, the simple interest after x years,

$y=P\times r\times t$

$=21(0.024)(x)$

$=0.0504x$

If x-axis shows the number of years and y axis represents the simple interest after x years,

So, y = 0.0504x is a line passes through the origin which will show the given scenario,

( shown below )

Also, x ≥ 0 ( number of years can not be negative )

VLD [36.1K]3 years ago

3 0

Where’s the graph at?

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