John wants to invest in a simple intereset savings account The intereset rate on this account is 0.7%. The account balance y can be modeled by the following linear equation y=150,000+150,000(0.007)x where x represents the time (in years) that john leaves her money in the account what is johns initial investment?

John's initial investment is Rs.150000

Step-by-step explanation:

Let the principal amount be a

We are given that John wants to invest in a simple interest savings account .The interest rate on this account is 0.7%.

Now to find simple interest in x years

Formula :

Where P = Principal

T= time

R = rate of interest in decimals

So,

Amount = Principal+Interest

Amount =

We are given that The account balance y can be modeled by the following linear equation y=150,000+150,000(0.007)x

So, On comparing a = 150000

Hence John's initial investment is Rs.150000

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step-by-step explanation:

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