Question

really simple interest question!! Lily deposited $19 in a savings account that earns 1.3% simple interest. Which graph represents this scenario?

Answer 1

http://assets.openstudy.com/updates/attachments/5435a60fe4b09f2026ebfa1c-gabylovesu-1412802165561-screenshot20141008at5.03.29pm.png

Answer 2

http://assets.openstudy.com/updates/attachments/5435a60fe4b09f2026ebfa1c-gabylovesu-1412802165748-screenshot20141008at5.03.22pm.png

Answer 3

@ganeshie8 can you explain really quick?

Answer 4

I think it is the 3rd option. the first graph in the second picture

Answer 5

Dang it, I wish I could help but I'm not allowed to go to unknown sites. Plus, I'm not very good at interest. Sorry! Good luck to ya!

Answer 6

i got nothing, wish i could help but I'm not the greatest at math

Answer 7

hahah well thanks for trying!

Answer 8

@mathmate @mathstudent55 could probably help

Answer 9

okay, thanks!

Answer 10

hint:
the total amount (balance) after x years with a principal of $19 and with simple interest of 1.3% is given by:
balance(x) = 19(1+0.013x)
Calculate for two values of x (for example x=0, balance = 19(1+0)=$19
and choose the graph that fits both points.