If $1000 is deposited at 3% simple interest, the balance y after x years will be given
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If $1000 is deposited at 3% simple interest, the balance y after x years will be given by the equation y = 30x + 1000.
(a) Draw the graph of this linear equation.
(b) Find the balance after two years.
(c) When will the balance reach $1180?
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Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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