Sam initially invested $4,500 into a savings account that offers an interest rate of 3% each year. he wants to determine the number of years, x, for which the account will have less than or equal to $7,020. determine the solution set to the inequality that represents this situation.

The solution set to the given inequality : 0 < x ≤ 18.67

Step-by-step explanation:

Principal = $4500

Simple Interest Rate = 3%

                                  = 0.03

Time = x year

Amount in the account will be less than or equal to $7020

⇒ Amount ≥ Principal × (1 + Rate × Time)

⇒ 7020 ≥ 4500(1 + 0.03·x)

⇒ 7020 ≥ 4500 + 135·x

⇒ 2520 ≥ 135·x

⇒ 18.67 ≥ x

The solution set to the given inequality : 0 < x ≤ 18.67

b

step-by-step explanation:

the equation of a line in point- slope form is

y - b = m(x - a)

where m is the slope and (a, b) a point on the line

calculate m using the slope formula

m = (y₂ - y₁ ) / (x₂ - x₁ )

with (x₁, y₁ ) = (0, 4) and (x₂, y₂ ) = (3, - 5) ← 2 points on the line

m = = = - 3

with m = - 3 and (a, b) = (3, - 5), then

y - (- 5) = - 3(x - 3), that is

y + 5 = - 3(x - 3) → b