Kyle deposited $1200 in a savings account that earns 4.25% simple annual interest. If kyle keep the money in the account for 4 years what is the new balance?

If kyle keeps the money in the account for 4 years, the new balance is $1,417.37.

Step-by-step explanation:

You can use the formula to calculate the future value to find the money in the account after 4 years:

FV=PV*(1+i)^n

FV= future value

PV= present value=$1,200

i= interest rate=4.25%=0.0425

n=number of periods of time=4

FV=1,200*(1+0.0425)^4

FV=1,200*(1.0425)^4

FV=1,417.37

According to this, the answer is that if kyle keeps the money in the account for 4 years, the new balance is $1,417.37.

the direct variation says that:

then the equation is of the form is given by:

            where k is the constant variation.

from the given table:

consider any value of x and m(x)=y

x = 2 and m(x)=y = 3

substitute these value in [1]; we have;

divide both sides by 2 we get;

⇒

check:

put x = -1 and m(x) = -1.5

substitute in the equation:

-1.5 = -1.5                   true

therefore, the function m(x) represents a direct variation

graph of this function as shown below:

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

hope it