John inherited $5,000 from his grandfather. He put it in a savings account to buy a car when he turns 16. John is 13 right now. If his savings account earns 7% over the next 3 years, how much interest will he have earned?

Step-by-step explanation:

$

1050

Explanation:

To calculate interest the formula is :  

P

r

t

=

i

where P= Principle, r=rate as a decimal, t+ time in years.

(assuming simple interest)

P

r

t

=

i

5000

⋅

0.07

⋅

3

=

i

i

=

$

1050

step-by-step explanation:

from the graph attached below:

domain of graph is the value of x for which the given function profit function p(x) is defined.

(a) the domain represents the number of years for which the outlet will earn a profit.

range of profit function defines the lowest to highest value of profit earned.

(b) the range of this function is (0 , 160 ). for this function, the range represents the outlet's profit earned.

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