171k views
2 votes
George invest $500 in his friend's startup company. his friend agrees to give him 8% of the original investment each year for the next 3 years. write a linear function for this situation.

User Odyth
by
8.8k points

1 Answer

3 votes

Final answer:

The linear function for this situation is y = 40x, where y represents the amount George will receive each year for the next 3 years and x represents the year.

Step-by-step explanation:

To write a linear function for this situation, we need to determine the amount of money that George will receive each year for the next 3 years. Since his friend agrees to give him 8% of the original investment each year, the amount George will receive can be calculated as follows:

  • Year 1: 8% of $500 = $40
  • Year 2: 8% of $500 = $40
  • Year 3: 8% of $500 = $40

Therefore, the linear function for this situation is y = 40x, where y represents the amount George will receive and x represents the year.

User Bill Denney
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories