TeX rendering has been iffy at best on this site for the past few days, at least in my experience. I've attached a solution below.
Answer: C O R R E C T
Step-by-step explanation:
Answer:
50 years
Step-by-step explanation:
Given data
Principal= $500
Rate= 6%
Amount = $2000
The simple interest expression is given as
A=P(1+rt)
Substitute
2000= 500(1+0.06*t)
open bracket
2000=500+ 30t
2000-500=30t
1500=30t
t= 1500/30
t= 50 years
Hence the time is 50 years
The top of the fraction is the Y axis, count to 3 on the y axis and 5 on x axis