Simple interest is given by the formula A=P+Prt. Where Ais the balance of the account after t years, and P is the starting principal invested at an annual percentage rate of r, expressed as a decimal.

Salvador is investing money into a savings account that pays 2% simple interest, and plans to leave it there for 10 years. Determine what Salvador needs to deposit now in order to have a balance of at least $30,000 in his savings account after 10 years.

Salvador will have to invest a minimum of $
now in order to have a balance of at least $30,000 in his savings account after 10 years. Round your answer to the nearest dollar.

option 1 is correct.

step-by-step explanation:

y varies inversely with x and constant of variation is 4

the equation will be:

y = k/x

where k =4 so,

y = 4/x

if we put values of x of option 1 in the above equation and find values of y

y = 4/-2 => y =-2

y = 4/-1 => y = -4

y = 4/1 => y = 4

y = 4/2 => y =2

so, all the values of x and y are correct.

if we put values of x given in other options and find value of y we cannot find whole table satisfying the equation.

hence option 1 is correct.

fist on the left goes with the third on the right. second on the left goes with the fourth on the right. third on the left goes with the second on the right. the fourth on the left goes with first on the right