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When ​$7,900 is invested in a savings account paying simple interest for the​ year, the​ interest, i in​ dollars, can be obtained from the equation i=7,900​r, where r is the rate of interest in decimal form. Graph i=7,900​r, for r up to and including a rate of​ 16%. If the rate is 14​%, how much interest is​ earned?

When ​$7,900 is invested in a savings account paying simple interest for the​ year, the​ interest, i in​ dollars, can be obtained from the equation i=7,900​r, where r is the rate of interest in decimal form. Graph i=7,900​r, for r up to and including a rate of​ 16%. If the rate is 14​%, how much interest is​ earned?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter2: Linear Equations
Section2.1: Writing Equations
Problem 29PPS
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When
​$7,900
is invested in a savings account paying simple interest for the​ year, the​ interest, i in​ dollars, can be obtained from the equation
i=7,900​r,
where r is the rate of interest in decimal form. Graph
i=7,900​r,
for r up to and including a rate of​ 16%. If the rate is
14​%,
how much interest is​ earned?
 
A.
​$11,060
 
B.
​$1,106
 
C.
​$1,090
 
D.
​$
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