Preston has $30 in a savings account that earns 7% interest, compounded annually. To the nearest cent, how much interest will he earn in 1 year?

Step-by-step explanation:

do 30x 1.07 is 32.10 dollars

formula

starting value x interest^no of years if shown

the slope of the line is 60

one point on the line is (40,10)

step-by-step explanation:

in the equation outside the parenthesis the equation always tells you the slope. in this case it is 60.

in the parenthesis is also says 40 which is x because it is near the x and 10 is y because it is near y.