You earned 1008 in interest by keeping your money in the bank for 7 years at a rate of 4.5.What was your initial deposit?

The principal required to  accumulate interest of $ 1,008.00  on a rate of 4.5% per year for 7 years is $ 3200.

Step-by-step explanation:

Given:

Interest I = $ 1008

Time period t = 7 years

Rate of Interest per year r = 4.5% = 4.5/100 = 0.045

To determine:

Initial deposit P = ?

Using the simple interest formula

I = Prt

P = I / rt

P = 1008 / ( 0.045 × 7 )

P = $ 3200

Therefore, the principal required to  accumulate interest of $ 1,008.00  on a rate of 4.5% per year for 7 years is $ 3200.

easy its decreasing

step-by-step explanation:

because its top point is at the to of the graph on the left side (atleast from the veiw i see it) now if that top point wast in the lower part of the graph it would be increasing hope this have a nice day

3

step-by-step explanation: