selena1223
Answered

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The value of an investment after t years is given by the function, A (t) = 500 (1 + 0.07t).

Complete the following statement. The initial value of the investment is_____,and the annual simple interest rate is____percent.

For the first blank
A. $500
B. $700

For the second blank
A.50
B.70
C.7
D.0.5
E.0.07

Sagot :

eternal3fear

Answer:

A. $500

C. 7 percent

Step-by-step explanation:

Your problem follows the format of the Simple Interest Formula.

The formula is described as follows: A = P(1 + r*t)

Where P = initial value

r = interest rate as a decimal

t = amount of time.

In your equation of A = 500 ( 1 + 0.07 t )

we can see that 500 represents the P value which is the initial value of the investment.

We can also see that the rate is 0.07. Then converted from a decimal to a percent would be 7 percent.

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