SOLUTION: The amount A of money on deposit for t years in an account earning simple interest is a linear function of t. Express that function as an equation if A=$124 when t=2 and A=$184 w
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Question 131683: The amount A of money on deposit for t years in an account earning simple interest is a linear function of t. Express that function as an equation if A=$124 when t=2 and A=$184 when t=5.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The amount A of money on deposit for t years in an account earning simple interest is a linear function of t. Express that function as an equation
if A =$124 when t=2 and A=$184 when t=5.
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Value = A(1+rt)
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V(2)=124(1+2r)
V(5)=184(1+5r)
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Cheers,
Stan H.
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