A bank account with an initial balance of $100 earns simple interest at a rate of 6%. The amount A in the account after t years is modeled by the equation A = 6t + 100. Answer parts a and b. State your answers in words and in ordered pairs. a) What is the amount in the account after 5 years? b) How long must the money stay in the account to reach an amount of $148? a) The amount of money in the account after 5 years is $ (Simplify your answer.) The ordered pair solution is (Type an ordered pair.) b) It will take years for the amount in the account to reach $148. (Simplify your answer.) The ordered pair solution is (Type an ordered pair.)
A bank account with an initial balance of $100 earns simple interest at a rate of 6%. The amount A in the account after t years is modeled by the equation A = 6t + 100. Answer parts a and b. State your answers in words and in ordered pairs. a) What is the amount in the account after 5 years? b) How long must the money stay in the account to reach an amount of $148? a) The amount of money in the account after 5 years is $ (Simplify your answer.) The ordered pair solution is (Type an ordered pair.) b) It will take years for the amount in the account to reach $148. (Simplify your answer.) The ordered pair solution is (Type an ordered pair.)
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter10: Quadratic Equations
Section10.4: Solve Applications Modeled By Quadratic Equations
Problem 160E: A city planner wants to build a bridge across a lake in a park. To find the length of the bridge, he...
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