When $7,900 is invested in a savings account paying simple interest for the year, the interest, i in dollars, can be obtained from the equation i=7,900r, where r is the rate of interest in decimal form. Graph i=7,900r, for r up to and including a rate of 16%. If the rate is 14%, how much interest is earned?
When $7,900 is invested in a savings account paying simple interest for the year, the interest, i in dollars, can be obtained from the equation i=7,900r, where r is the rate of interest in decimal form. Graph i=7,900r, for r up to and including a rate of 16%. If the rate is 14%, how much interest is earned?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter2: Linear Equations
Section2.1: Writing Equations
Problem 29PPS
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When
$7,900
is invested in a savings account paying simple interest for the year, the interest, i in dollars, can be obtained from the equation
i=7,900r,
where r is the rate of interest in decimal form. Graph
i=7,900r,
for r up to and including a rate of 16%. If the rate is
14%,
how much interest is earned?$11,060
$1,106
$1,090
$
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