What is the slope and the y-intercept of the line on the graph below?
1 answer:
Well, since we do not know the line, the basic slope formula is Y = mX + B
So look at the line and see where is crosses the y axis (the vertical) and that is your B in the formula or the "Y-intercept" as an example I will used the number 1. Then on your line pick two points, I will use the points (4,4) and (1,2) as an example. To find your slope take the Ys in those points (the second number) and subtract them 4 - 2 = 2. Then subtract the Xs (the first numbers) 4 - 1 = 3. Lastly, take the 2 and divide it by the 3 (yes it can be a fraction) and that is your slope. So the entire answer with my examples would be Y =
x + 1 with 1 being my y-intercept and 2/3 being my slope
So look at the line and see where is crosses the y axis (the vertical) and that is your B in the formula or the "Y-intercept" as an example I will used the number 1. Then on your line pick two points, I will use the points (4,4) and (1,2) as an example. To find your slope take the Ys in those points (the second number) and subtract them 4 - 2 = 2. Then subtract the Xs (the first numbers) 4 - 1 = 3. Lastly, take the 2 and divide it by the 3 (yes it can be a fraction) and that is your slope. So the entire answer with my examples would be Y =
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Answer:
$2,323.23
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, we will change 3% into its decimal form:
3% -> -> 0.03
Now, plug the values into the equation:
After 5 years, you will have $2,323.23