2 years ago

(-2,y) and (2,4); slope: 1/4

Mathematics

1 answer:

Oduvanchick [21]2 years ago

8 0

Answer:

y =3

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2 years ago

if 500 is deposited into an account earning 6 percent simple interest what is the future value in 6 years how do you work it put

djverab [1.8K]

$\bf \qquad \textit{Simple Interest Earned Amount}\\\\
A=P(1+rt)\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$500\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
t=years\to &6
\end{cases}
\\\\\\
A=500(1+0.06\cdot 6)$