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
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 20PFA
Related questions
Question
|
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
$
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL