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Tasia · Answer 1 · 2023-11-16T15:03:16+0000

Given:

Investment = $400

simple interest rate = 16%

The simple interest formula is given as:

$\begin{gathered} A\text{ = P\lparen1 + rt\rparen} \\ Where\text{ A is the future value} \\ P\text{ is the principal} \\ \text{ r is the rate of interest} \\ and\text{ t is the time in years} \end{gathered}$

Substituting the given values:

$\begin{gathered} A\text{ = 400\lparen1 + 0.16}* t) \\ =\text{ 400\lparen1 + 0.16t\rparen} \end{gathered}$

Hence, the function is:

$A\text{ = 400\lparen1 + 0.16t\rparen}$

The sketch of the function is shown below:

Can I get some help on this question please Find the simple interest function-example-1

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