aldayevelyn01 aldayevelyn01
  • 01-09-2020
  • Mathematics
contestada

Jayden deposited $13 in a savings account that earns 2.6% simple interest. Which graph represents this scenario?

Respuesta :

jonahharris1432
jonahharris1432 jonahharris1432
  • 01-09-2020

Answer:

not a hundred percent sure since there are no graphs attached but mine was Graph 1 to be the answer

After 2 years she will have earned $12 * 2*2.3% = $12* 4.6% = 55c interest (to the nearest cent). Therefore the balance will be $12.55

After 6 years she will have earned $12 * 6*2.3% = $12* 13.8% = $1.66 interest (to the nearest cent).  

Therefore the balance will be $13.66

After 10 years she will have earned $12 * 10*2.3% = $12* 23% = $2.76 interest (to the nearest cent).  

Therefore the balance will be $14.76

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