really simple interest question!! Lily deposited $19 in a savings account that earns 1.3% simple interest. Which graph represents this scenario?
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I think it is the 3rd option. the first graph in the second picture
Dang it, I wish I could help but I'm not allowed to go to unknown sites. Plus, I'm not very good at interest. Sorry! Good luck to ya!
i got nothing, wish i could help but I'm not the greatest at math
hahah well thanks for trying!
@mathmate @mathstudent55 could probably help
the total amount (balance) after x years with a principal of $19 and with simple interest of 1.3% is given by:
balance(x) = 19(1+0.013x)
Calculate for two values of x (for example x=0, balance = 19(1+0)=$19
and choose the graph that fits both points.