A savings account with simple interest can be modeled by which type of graph?

Question

A savings account with simple interest can be modeled by which type of graph?

in progress 0
2022-05-20T10:57:35+00:00 2 Answers 0

Answers ( 2 )

  1. Lana
    0
    2022-05-20T10:59:21+00:00

    Answer:

    A linear graph

    Step-by-step explanation:

    Simple interest is modeled using the formula

    I = prt

    where I is the amount of interest, p is the amount of principal, r is the interest rate and t is the amount of time.

    Time is usually the variable in these situations; this would give us an equation of the form

    y = pr(x), where p and r are numbers.

    This is similar to y=mx, which is a linear function.

  2. Ella
    0
    2022-05-20T10:59:25+00:00

    Line graph I think
    Your welcome!

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