Posted by **kj** on Saturday, August 17, 2013 at 11:11am.

how long will it take to make $9944. dollars at 1.25 interest when i already have $7500. I have to make line graph of each year.

- adanced algebra -
**Steve**, Saturday, August 17, 2013 at 3:06pm
if interest is simple,

7500(1+.0125x) = 9944

x = 26 years

If compound annual interest,

7500(1+.0125)^x = 9944

x = 22.7

The graph for simple interest is just a straight line.

The graph for compound interest is a curve which gets steeper and steeper. Figure the balance after each year and plot the points, then draw the line segments.

## Answer This Question

## Related Questions

- Math - You have a balance of $7500 on your credit card and you make no further ...
- Finance - You have a balance of $7500 on your credit card and you make no ...
- algebra - sam sells necklaces for 10 dollars each. each necklace cost her 5 ...
- word problem - A person invests $7,500 part at 5% and the remainder at 4% simple...
- algebra - submarine is 7500 meters below, surfaces at rate of 80 meters per min...
- Math, rates - Which rates are equivalent? 6 U.S. dollars = 18 U.S. dollars 8 ...
- algebra - Calvin invested $7500 for one year, part 12% annual interest and the ...
- Algebra - Take the real-life situation and create an equation or inequality ...
- algebra - HELP! Please Calvin invested $7500 for one year, part 12% annual ...
- math - An antique dresser was purchased for $7500 in 2005. The dresser increases...

More Related Questions