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You deposit $200 at the beginning of the year into a savings account that pays 5% interest. Write an equation to represent this relationship

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Final answer:

The relationship between the deposit amount and the interest earned can be represented by the equation: I = P * r * t. In this case, the equation would be I = 200 * 0.05 * 1.

Step-by-step explanation:

The relationship between the deposit amount and the interest earned can be represented by the equation: I = P * r * t, where I represents the interest earned, P represents the principal (deposit amount), r represents the interest rate, and t represents the time (in years) the money is held.

In this case, you deposited $200 at the beginning of the year into a savings account that pays 5% interest. So the equation is: I = 200 * 0.05 * 1.

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