If $1000 is deposited at 3% simple interest, the balance y after x years will be given

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If $1000 is deposited at 3% simple interest, the balance y after x years will be given by the equation y = 30x + 1000.

(a) Draw the graph of this linear equation.

(b) Find the balance after two years.

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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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Question Posted: Feb 12, 2018 07:53 AM

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If $1000 is deposited at 3% simple interest, the balance y after x years will be given

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a xintercept 1003 0 yintercept 0 1000 b y ...View the full answer

Finite Mathematics and Its Applications

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