Question

Madison deposited $18 in a savings account that earns 2.5% simple interest. Which graph represent this scenario

Answer 1

The answer is 7.20 because $18 divided by 2.5% is 7.20

Answer 2

Please find the attachment for the required graph.

Explanation:

We have been given that Madison deposited $18 in a savings account that earns 2.5% simple interest.

The graph of the given situation would be a linear function.

We know that simple interest formula is in form
`A=P+Prt`, where,

A = Final amount,

P = Principal amount,

r = Interest rate in decimal form,

t = Time in years.

Let us convert given interest rate in decimal form.

`r=(2.5)/(100)=0.025`

Substitute the given values in above formula:

`A=18+18*0.025*t`

`A=18+0.45t`

The equation representing the given scenario would be
`y=18+0.45x`.