You deposit $5000 in an account that earns 5.5% simple

Chapter 8, Problem 45

(choose chapter or problem)

You deposit $5000 in an account that earns 5.5% simple interest.

a. Express the future value in the account as a linear function of time, t.

b. Determine the slope of the function in part (a) and describe what this means. Use the phrase "rate of change" in your description.

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