If a present value P is invested at the simple interest rate r for t years, then the future value after t years is given by the formula . Suppose you invest $15,000 at 8% simple interest per year. Graph the amount you will have in t years. What is the slope of the graph?
A) m = 1,200
B) m = 108
C) m = 1,340
D) m = 1,070
E) m = 1,270

Question

If a present value P is invested at the simple interest rate r for t years, then the future value after t years is given by the formula  . Suppose you invest $15,000 at 8% simple interest per year. Graph the amount you will have in t years. What is the slope of the graph? ​
A) m = 1,200 
B) m = 108 
C) m = 1,340 
D) m = 1,070 
E) m = 1,270

Quizplus · Accepted Answer

The Answer of If a present value P is invested at the simple interest rate r for t years, then the future value after t years is given by the formula  . Suppose you invest $15,000 at 8% simple interest per year. Graph the amount you will have in t years. What is the slope of the graph? ​
A) m = 1,200 
B) m = 108 
C) m = 1,340 
D) m = 1,070 
E) m = 1,270

If a Present Value P Is Invested at the Simple