SOLUTION: you deposit $12,500 in a simple interest account at 9% interest. You wish to make a graph of the value of the investment as it increases over time.What is the slope and what is the

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: you deposit $12,500 in a simple interest account at 9% interest. You wish to make a graph of the value of the investment as it increases over time.What is the slope and what is the      Log On

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Question 1057756: you deposit $12,500 in a simple interest account at 9% interest. You wish to make a graph of the value of the investment as it increases over time.What is the slope and what is the y-intercept of the graph?

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+A+=+P%2A%28+1+%2B+r%2At+%29+
+P+=+12500+
+r+=+.09+
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+A+=+12500%2A%28+1+%2B+.09%2At+%29+
+A+=+12500+%2B+.09%2A12500t+
+A+=+12500+%2B+1125t+
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The slope is +1125+ dollars/yr
The y-intercept is +12500+
( value of +A+ when +t+=+0+ )