Answer:
y=29
Step-by-step explanation:
Replace x with 7:
y=8+3(7)
Multiply 7 and 3:
y=8+21
Add together:
y=29
Simple interest,
FV=P(1+ni)
FV=future value=2500
P=present value, invested amount
n=number of years, =3
i=annual interest rate, =0.095
2500=P(1+3(0.095))
Solve for P.
