1. **State the problem:** Kyle invests money in a simple savings fund where the amount increases at a constant rate. We know the amount after 3 years is 16500 and after 6 years is 18000. We want to find:
a) A rule linking amount $A$ and time $t$.
b) The initial investment (when $t=0$).
c) How long until the amount reaches 20000.
d) The amount after 12.5 years.
2. **Formula and rules:** Since the amount increases at a constant rate, this is a linear relationship:
$$A = mt + c$$
where $m$ is the rate of increase per year and $c$ is the initial amount.
3. **Find $m$ and $c$ using given points:**
Given points: $(3,16500)$ and $(6,18000)$.
Calculate slope $m$:
$$m = \frac{18000 - 16500}{6 - 3} = \frac{1500}{3} = 500$$
4. **Find $c$ by substituting one point:**
Using $(3,16500)$:
$$16500 = 500 \times 3 + c$$
$$16500 = 1500 + c$$
$$c = 16500 - 1500 = 15000$$
5. **Rule linking $A$ and $t$:**
$$\boxed{A = 500t + 15000}$$
6. **Initial investment (when $t=0$):**
$$A = 500 \times 0 + 15000 = 15000$$
So, Kyle initially invested 15000.
7. **Time to reach 20000:**
Set $A=20000$:
$$20000 = 500t + 15000$$
Subtract 15000:
$$20000 - 15000 = 500t$$
$$5000 = 500t$$
$$\cancel{5000} = \cancel{500}t$$
$$t = \frac{5000}{500} = 10$$
Kyle must wait 10 years.
8. **Value after 12.5 years:**
$$A = 500 \times 12.5 + 15000 = 6250 + 15000 = 21250$$
The investment will be 21250 after 12.5 years.
Investment Growth D83A41
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