The following is a partial balance table for a simple interest account that deposits the interest every month. Number of months, t Account Balance, B(t) 20 $1105.00 23 $1120.75 31 $1162.75 The balance function can be look at in the following form: B(t) = Starting Value + Unit Rate x t Determine the starting value and the unit rate. B(t) = xt Input just the numbers. Round to the nearest penny. Do not input the dollar sign. Do not use a comma. Example: B(t) = 2200.00 + 3.33 xt

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 23E
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The following is a partial balance table for a simple interest account that deposits the interest every
month.
Number of months, t
Account Balance, B(t)
20
$1105.00
23
$1120.75
31
$1162.75
The balance function can be look at in the following form:
B(t) = Starting Value + Unit Rate x t
Determine the starting value and the unit rate.
B(t) =
xt
Input just the numbers. Round to the nearest penny. Do not input the dollar sign. Do not use a
comma. Example: B(t) = 2200.00 + 3.33 x t
Transcribed Image Text:The following is a partial balance table for a simple interest account that deposits the interest every month. Number of months, t Account Balance, B(t) 20 $1105.00 23 $1120.75 31 $1162.75 The balance function can be look at in the following form: B(t) = Starting Value + Unit Rate x t Determine the starting value and the unit rate. B(t) = xt Input just the numbers. Round to the nearest penny. Do not input the dollar sign. Do not use a comma. Example: B(t) = 2200.00 + 3.33 x t
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