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

d (5 x (-20)) * (100 x (0.7))

step-by-step explanation:

5÷1/100 * -.7 *-20

copy dot flip

5*100 * -.7 *-20

rearrange

5*-20   * 100 *-.7

-100   *-70

7000