Tony’s deposit earned $40.80 in simple over 3 years in an account with an interest rate of 1.7%. How much did Tony deposit?
2 answers:
Answer:
Tony's deposit was $800.
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
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Answer:
Step-by-step explanation:
In this question, we have to find the slope with the given coordinates.
To find our slope, we would use the slope formula:
Plug in your coordinates and solve:
Simplify the fraction:
The slope would be
To find out the answer we divide 0.09 by 10: 
÷10=0.009.
Therefore, 0.09 is 10 times as much as 0.009.