Solve the problems.
which expressions can be used to find the total amount that must be repaid on a
1-year loan of d dollars with 4% simple interest rate?
choose all that apply.
a.
1.04d
b. d+ 0.40
c. d + 7/30
d. d + 0.040
e. d + 1.040

nada

step-by-step explanation:

positive

step-by-step explanation:

the quadrant is facing upwards

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.