A shoe box in the shape of a right rectangular prism has a base that measures 7 inches by 12 inches and is 5 inches high. What i
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Hmmm, as I read it, in year 1, but it doesn't say at the beginning of the year or end, so we'll be assuming is at the beginning of year 1, the amount is 850, how much will it be at the beginning of year 6? namely, 5 years later.
![\bf ~~~~~~ \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$850\\ r=rate\to 8\%\to \frac{8}{100}\to &0.08\\ t=years\to &5 \end{cases} \\\\\\ A=850[1+0.08(5)]\implies A=850(1.4)](https://tex.z-dn.net/?f=%5Cbf%20~~~~~~%20%5Ctextit%7BSimple%20Interest%20Earned%20Amount%7D%5C%5C%5C%5C%0AA%3DP%281%2Brt%29%5Cqquad%20%0A%5Cbegin%7Bcases%7D%0AA%3D%5Ctextit%7Baccumulated%20amount%7D%5C%5C%0AP%3D%5Ctextit%7Boriginal%20amount%20deposited%7D%5Cto%26%20%5C%24850%5C%5C%0Ar%3Drate%5Cto%208%5C%25%5Cto%20%5Cfrac%7B8%7D%7B100%7D%5Cto%20%260.08%5C%5C%0At%3Dyears%5Cto%20%265%0A%5Cend%7Bcases%7D%0A%5C%5C%5C%5C%5C%5C%0AA%3D850%5B1%2B0.08%285%29%5D%5Cimplies%20A%3D850%281.4%29)
We can see that the function passes through the point . This implies that
or, equivalently,
The same conclusion could have been reached by observing that the function passes through