If you deposit $5000 in an account paying 2.15% simple interest, what will your balance be in 5 years?

$5,537.5

Step-by-step explanation:

So the simple interest formula is A=P(1+rt). T meaning the time (in this case 5 years), P meaning the original amount you put in ($5000), and R meaning the interest rate (2.15%). So if we put those all in 5000(1+2.15x5) it would be 58,750

the answer is d

the answer is in the first quadrant, which make the y-int positive.

since the dots are going down, therefore the correlation is negative

i hope it is right.

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.