Pam invested money into a small stock market account. After several years of continued growth, the table below shows how much he
r investment earned.
Investment Earnings
Years 1 2 3 4 5
Money Earned $31.25 $125 $500 $2,000 $8,000
Which of the following functions would best model the data above?
Investment Earnings
Years 1 2 3 4 5
Money Earned $31.25 $125 $500 $2,000 $8,000
Which of the following functions would best model the data above?
1 answer:
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Answer:
It will take 146 days to earn an interest of $80.
Step-by-step explanation:
The simple interest formula is:
It is provided that:
I = $80
P = $4,000
r = 5% p.a.
Compute the time required as follows:
Thus, it will take 146 days to earn an interest of $80.