When $1000 is invested in a savings account paying simple interest for a year, the interest, i,

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When $1000 is invested in a savings account paying simple interest for a year, the interest, i, in dollars, earned can be found by the formula i = 1000r, where r is the interest rate in decimal form.

(a) Graph i = 1000r, for r up to and including an interest rate of 15%.

(b) If the interest rate is 4%, what is the simple interest?

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 12, 2019 09:04 AM

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When $1000 is invested in a savings account paying simple interest for a year, the interest, i,

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a b i 1000004 40 c i 100...View the full answer

A Survey of Mathematics with Applications

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