Esther deposited $5,000 into an account that grows at a rate of 8% per year. To the nearest cent, how much will be in the account after 5 years?

The total amount after five years =  $7,000

Step-by-step explanation:

Step(i):-

Given Esther deposited $5,000 into an account

Principal amount 'P' = 5000

Given rate of interest (R) = 8%

r = R / 100 = 0.08 per year

Step(ii):-

The total amount after 5 years

Final answer:-

The total amount after five years =  $7,000

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step-by-step explanation:

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.