Veronica deposited $11 in a savings account that earns 1.9% simple interest. Which graph represents this scenario?
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Answer
After 13.15 years the population of both towns will become equal.
Step-by-step explanation:
Population of the city Anville is given by using the compound interest formula
The formula of compound interest
A = p( 1+r/n)^n*t
using this we get
P1 = 16000 (1 +) ^1*t
Population of the city of Brinker will be
P2 = 11000( 1 + ) ^1*t
now to make equal population in both towns
P1=P2
16000 (1 +) ^1*t = 11000( 1 +
) ^1*t
t = 13.15 years