Question

Tamara opened a new savings account with $1750. The account earns 11% simple interest annually. 1. Which equation represents the amount of money in Tamara's account A after t years? a. A = 192.5t + 1750 b. A = 0.11t + 1750 c. A = 19.25t + 1750 d. A = 19,250t + 1750

Answer 1

The equation that represents the amount of money in Tamara's account after t years is A = 1750 + (1750 * 0.11 * t).

Step-by-step explanation:

In this case, Tamara's account earns simple interest, which means that the interest is calculated only on the initial amount of money she deposited. The formula to calculate the amount of money in Tamara's account after t years is:

A = P + (P imes r imes t)

Where A is the total amount of money, P is the initial principal (in this case $1750), r is the interest rate (11% or 0.11), and t is the number of years. So, the correct equation representing the amount of money in Tamara's account A after t years is A = 1750 + (1750 imes 0.11 imes t).