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2 years ago

Veronica deposited $11 in a savings account that earns 1.9% simple interest. Which graph represents this scenario?

Mathematics

1 answer:

avanturin [10]2 years ago

6 0

Answer:

Option C

Step-by-step explanation:

Initial balance= $11
Interest rate = 1.9% PA simple

<u>It will be graphed as function:</u>

y = 11 + 0.019x

Since is has a very small slope of 0.019 it will be shown almost parallel to x axis.

<u>Some points on the graph:</u>

Amount in 1 year= 11*(1+0.019) = $11.21
Amount in 2 years = 11*(1+2*0.019) = $11.42
Amount in 6 years = 11*(1+6*0.019) = $12.25
Amount in 10 years = 11*(1 + 10*0.019) = $13.09

Correct graph is option C

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