Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 2 - Section 2.1 - Simple Interest - Exercises - Page 134: 43

Answer

graph A

Work Step by Step

For simple interest} $INT=PVrt$, $FV-PV=PVrt$, $FV=PVrt-PV$, PV is constant and r is constant, so $FV$, as a function of time, is a linear function (with PV as y-intercept and $PV\cdot r$ as slope). Of the offered, only graph A is linear.
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