Answer:
Input
Independent variable
Step-by-step explanation:
we know that
<u>Independent variables</u>, are the values that can be changed or controlled in a given model or equation
<u>Dependent variables</u>, are the values that result from the independent variables
we have the function
In this problem
This is a proportional relationship between the variables d and t
The function d(t) represent the dependent variable or the output
The variable t represent the independent variable or input
The person would have to leave the money in the bank for 7.8 years for it to reach 13,500 dollars.
Step-by-step explanation:
Step 1; First we must calculate how much interest is generated for a single year. The annual interest rate is 4.5% i.e. 4.5% of 10,000 dollars which equals 0.045 × 10,000 = 450 dollars a year. As the years pass, more and more will be put into the account due to interest.
Step 2; For there to be 13,500 dollars in the bank account we need to calculate how much money is added due to interest.
The money needed to be added through interest = 13,500 - 10,000 = 3,500 dollars.
So we need to determine how long it will take for the bank to add 3,500 dollars by adding 450 dollars a year.
The number of years to reach 13,500 dollars = = 7.777 years. By rounding this value to the nearest tenth, we get 7.8 years.