The interest paid by a savings account in one year is proportional to the starting balance,...
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The interest paid by a savings account in one year is proportional to the starting balance, with constant of proportionality 0.04. Write a formula for I, the amount of interest earned, in terms of B, the starting balance. I = (a) Find the interest earned if the starting balance is $500. dollars (b) Find the interest earned if the starting balance is $1000. dollars (c) Find the interest earned if the starting balance is $5000. dollars The interest paid by a savings account in one year is proportional to the starting balance, with constant of proportionality 0.04. Write a formula for I, the amount of interest earned, in terms of B, the starting balance. I = (a) Find the interest earned if the starting balance is $500. dollars (b) Find the interest earned if the starting balance is $1000. dollars (c) Find the interest earned if the starting balance is $5000. dollars
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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