Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Remember that Interest is equal to
Answer:
The constant of variation is $1.50
Step-by-step explanation:
Given
Point 1 (1,2)
Point 2 (5,8)
Required
Constant of Variation
Though the graph would have assisted in answering the question; its unavailability doesn't mean the question cannot be solved.
Having said that,
the constant variation can be solved by calculating the gradient of the graph;
The gradient is often represented by m and is calculated as thus
Where
By substituting values for x1,x2,y1 and y2; the gradient becomes
Hence, the constant of variation is $1.50