Humberto deposited $50 in a new account at his bank. The bank pays 5.3% annual simple interest on this account. Humberto makes no additional deposits or withdrawals. How much money will be in his account at the end of 5.5 years?

$58.415

Step-by-step explanation:

Initial value: 50 dollars

Independent variable: 5.3%

Dependent variable: Y

This equation can be written in slope intercept form:

x= the number of years

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get

a ≈ 172.05

step-by-step explanation:

the pictures.