Greg invests $500 in a savings account that earns 4% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 3 years?

step-by-step explanation:

hey there : ) your answer would be a.

step-by-step explanation:

step-by-step explanation:

the distance (d) between two points (x1,y1) and (x2,y2) is given by the formula

d = √   ((x2-x1)2+(y2-y1)2)

d = √ (-11-6)2+(4-3)2

d = √ )2+(1)2)

d = √ (289+1)

d = √ 290

the distance between the points is 17.0293863659264

the midpoint of two points is given by the formula

midpoint= ((x1+x2)/2,(y1+y2)/2)

find the x value of the midpoint

xm=(x1+x2)/2

xm=(6+-11)/2=-2.5

find the y value of the midpoint

ym=(y1+y2)/2

ym=(3+4)/2=3.5

the midpoint is: (-2.5,3.5)

graphing the two points, midpoint and distance

p1 (6,3)

p2 (-11,4)

midpoint (-2.5,3.5)

the length of the black line is the distance between the points (17.0293863659264)

find the slope of the line connecting the two points

slope =   (y2-y1)   =   (4-3)   =   (1)   = -0.0588235294117647

(x2-x1) (-11-6) (-17)

find the equation of the line passing through the two points

the general equation for a straight line is

y = mx + b

where m represents the slope of the line which we found in the previous step to be -0.0588235294117647

y = -0.06x + b

we substitute x and y for the values from one of our points (6,3)

3 = -.06×6 + b

3 = -0.35 + b

3--0.35 = b

3.35 = b

knowing both b and m, we can contruct the equation of the line

y= -0.06x+ 3.35

x and y intercepts

the x-intercept is a point on the graph where y is zero

using the equation we found in the previous step and substituting zero for y

y= -0.06x+ 3.35

0= -0.06x+ 3.35

0.06x= 3.35

x= 3.35/0.06 = 57.00

the x intercept for this straight line is 57.00

the y-intercept is a point on the graph where x is zero

using the equation we found in the previous step and substituting zero for x

y= -0.06×0+ 3.35

y= 3.35

the y intercept for this straight line is 57.00

the distance (d) between two points (x1,y1) and (x2,y2) is given by the formula

d = √   ((x2-x1)2+(y2-y1)2)

d = √ (-11-6)2+(4-3)2

d = √ )2+(1)2)

d = √ (289+1)

d = √ 290

the distance between the points is 17.0293863659264

the midpoint of two points is given by the formula

midpoint= ((x1+x2)/2,(y1+y2)/2)

find the x value of the midpoint

xm=(x1+x2)/2

xm=(6+-11)/2=-2.5

find the y value of the midpoint

ym=(y1+y2)/2

ym=(3+4)/2=3.5

the midpoint is: (-2.5,3.5)

graphing the two points, midpoint and distance

p1 (6,3)

p2 (-11,4)

midpoint (-2.5,3.5)

the length of the black line is the distance between the points (17.0293863659264)

find the slope of the line connecting the two points

slope =   (y2-y1)   =   (4-3)   =   (1)   = -0.0588235294117647

(x2-x1) (-11-6) (-17)

find the equation of the line passing through the two points

the general equation for a straight line is

y = mx + b

where m represents the slope of the line which we found in the previous step to be -0.0588235294117647

y = -0.06x + b

we substitute x and y for the values from one of our points (6,3)

3 = -.06×6 + b

3 = -0.35 + b

3--0.35 = b

3.35 = b

knowing both b and m, we can contruct the equation of the line

y= -0.06x+ 3.35

x and y intercepts

the x-intercept is a point on the graph where y is zero

using the equation we found in the previous step and substituting zero for y

y= -0.06x+ 3.35

0= -0.06x+ 3.35

0.06x= 3.35

x= 3.35/0.06 = 57.00

the x intercept for this straight line is 57.00

the y-intercept is a point on the graph where x is zero

using the equation we found in the previous step and substituting zero for x

y= -0.06×0+ 3.35

y= 3.35

the y intercept for this straight line is 57.00 and therefore the awnser is c.