If a Present Value P Is Invested at the Simple

question 28

Multiple Choice

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

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