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

---

Definitions:

Publication

The act of making something public or available to the general population, often through printing, broadcasting, or digital media.

Public Official

An individual holding a position of authority in the government and responsible for serving the public interest.

Presumed Damages

Damages assumed by law to have occurred from a wrongful act, without the need for proof of loss or injury.

Actual Injury

A tangible harm or damage that an individual suffers, which can be physical or financial in nature.