1 You deposit $500 in a savings account. The account earns 2% simple interest per year.
a. What is the interest earned after 8 years?
The interest earned is $
after 8 years
b. What is the balance after 8 years?
The balance is $
after 8 years

Hi there!

Convert 2% into...

Divide both terms together:

÷

Multiply 5 by 2...

·

Multiply terms with terms...

·

A. $80, the interest earned is $80 after 8 years...

Add $500 with $80:

B. $580, the balance is $580 after 8 years...

this shows a reflection over the x-axis and is translated one unit down and 6 units to the right (x + 6, y - 1)

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