Question

Rachel deposits $100 in a bank account and she gets 8% simple interest on it. Which linear model gives the return on her investment in terms of time t in years?

a. R = 8t – 100
b. R = 8t + 100
c. R = 2t + 100
d. R = 88t + 100
e. R = 3t + 108

Answer 1

The answer would be B because the 100 stays in there and you are adding 8% per year. Hope this helps.