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nlexa [21]
3 years ago
10

You invest $3000 in an account that pays simple interest of 7% for 30 years. how much will you have at the end of 30 years?

Mathematics
1 answer:
nekit [7.7K]3 years ago
5 0
$9,300
First, multiply your beginning amount by the percent of interest: 3,000x0.07 = 210
Then, multiply your interest times the number of years:
210x30 = 6,300
Add you interest to your initial amount:
3,000 + 6,300 = 9,300
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A linear equation can be written as:

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If we know that the line passes through the points (x₁, y₁) and (x₂, y₂) the slope is:

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The answers are:

a) y = (-12 L/min)*t + 9,000 L

b) 6,840 L

a) Here we know that we can model this situation with a linear equation, we know that the leak starts at 6:00 am, then we define t = 0 as 6:00 am

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Then we have two points of the line:

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y = (-12 L/min)*t + 9,000 L

b) Now we want to know how much water is in the tank at 9:00 am.

Notice that 9:00 am is 3 hours after 6:00 am, our t = 0.

Then  9:00am is equivalent to t = 180 mins.

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