The following is a partial balance table for a simple interest account that deposits the interest every year.  Number of years, t Account Balance, B(t) 0 $1250.00 1 $1311.25 5 $1556.25 The balance function can be look at in the following form: B(t) = Starting Value + Unit Rate ×× t Determine the starting value and the unit rate.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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The following is a partial balance table for a simple interest account that deposits the interest every year. 

Number of years, t Account Balance, B(t)
0 $1250.00
1 $1311.25
5 $1556.25

The balance function can be look at in the following form:

B(t) = Starting Value + Unit Rate ×× t

Determine the starting value and the unit rate. 

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