1. The graph shows two accounts with the same principal and annual interest rate. Use the graph to estimate the answer to each question. Show your work. 1500 1400- 1300 1200- Optional: How much compound interest is earned at 35 years? compound interest 1100 1000 (looks to be in the middle) 900- 800 700- 600 500- 400- 300 Optional: How much simple interest is earned at 35 years? (looks close to the whole number) simple interest (a) How much more compound interest than simple interest is earned after 35 years? 200 100- 5 10 15 20 25 30 35 40 45 50 Number of years Optional: How much compound interest is earned at 45 years? compound (looks about 3 quarters(25) of the way to the whole number) Optional: How much simple interest is earned at 45 years? (looks close to the whole number) simple interest (b) How much more compound interest than simple interest is earned after 45 years? 100 Number of yers Total amount (dollars) Tokatameunt Ea
1. The graph shows two accounts with the same principal and annual interest rate. Use the graph to estimate the answer to each question. Show your work. 1500 1400- 1300 1200- Optional: How much compound interest is earned at 35 years? compound interest 1100 1000 (looks to be in the middle) 900- 800 700- 600 500- 400- 300 Optional: How much simple interest is earned at 35 years? (looks close to the whole number) simple interest (a) How much more compound interest than simple interest is earned after 35 years? 200 100- 5 10 15 20 25 30 35 40 45 50 Number of years Optional: How much compound interest is earned at 45 years? compound (looks about 3 quarters(25) of the way to the whole number) Optional: How much simple interest is earned at 45 years? (looks close to the whole number) simple interest (b) How much more compound interest than simple interest is earned after 45 years? 100 Number of yers Total amount (dollars) Tokatameunt Ea
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
Related questions
Question
100%
![40 Pts
1. The graph shows two accounts with the same principal and annual
interest rate. Use the graph to estimate the answer to each question.
Show your work.
AY
1500
1400
1300-
1200-
Optional: How much compound
interest is earned at 35 years?
compound interest
1100
(looks to be in the middle)
1000-
900-
800-
700+
600
Optional: How much simple
interest is earned at 35 years?
50-
(looks close to the whole number)
111
simple interest
400-
300
(a) How much more compound
interest than simple interest is
earned after 35 years?
200
100-
5 10 15 20 25 30 35 40 45 50
Number of years
Optional: How much compound
interest is earned at 45 years?
1500
1400
300-
1200
1100-
compound interest
(looks about 3 quarters(25) of the way to the whole
number)
Optional: How much simple
interest is earned at 45 years?
B00
(looks close to the whole number)
500-
simple interest
(b) How much more compound
interest than simple interest is
earned after 45 years?
300
200
100-
35 40 45 50
Number of yers
网
COUA
F10
11
44
Total amount (dollars)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5392126a-7a58-4766-a69b-943f6ea6b5e3%2F314af694-8797-40bc-94cd-06b2a6630ac3%2F6iqat0d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:40 Pts
1. The graph shows two accounts with the same principal and annual
interest rate. Use the graph to estimate the answer to each question.
Show your work.
AY
1500
1400
1300-
1200-
Optional: How much compound
interest is earned at 35 years?
compound interest
1100
(looks to be in the middle)
1000-
900-
800-
700+
600
Optional: How much simple
interest is earned at 35 years?
50-
(looks close to the whole number)
111
simple interest
400-
300
(a) How much more compound
interest than simple interest is
earned after 35 years?
200
100-
5 10 15 20 25 30 35 40 45 50
Number of years
Optional: How much compound
interest is earned at 45 years?
1500
1400
300-
1200
1100-
compound interest
(looks about 3 quarters(25) of the way to the whole
number)
Optional: How much simple
interest is earned at 45 years?
B00
(looks close to the whole number)
500-
simple interest
(b) How much more compound
interest than simple interest is
earned after 45 years?
300
200
100-
35 40 45 50
Number of yers
网
COUA
F10
11
44
Total amount (dollars)
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