selena1223
Answered

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I’ll mark you Brainliest!!! Please helppp!!!! Don’t answer with “you can download the answers here” and then the link, that doesn’t work! You just want the points


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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