Find the simple interest balance function and the annual interest rate for the following partially listed balance table. Years, t Balance, B(t) 8 $779.52 16 $999.04
Find the simple interest balance function and the annual interest rate for the following partially listed balance table. Years, t Balance, B(t) 8 $779.52 16 $999.04
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:Find the simple interest balance function and the annual interest rate for the following partially listed
balance table.
Years, t Balance, B(t)
8
$779.52
16
$999.04
B(t)
•t
+
r =
%
Round the starting value to the nearest dollar. Input the number without the dollar sign. Example:
112
Round the slope to the nearest penny. Input only the number. Example 12.35
Round the annual interest rate to the nearest tenth of a percent. Input only the number. Example:
7.9
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