Suppose that you borrow $30,000 for four vears at 8% for
2 answers:
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Answer:
Slope(m) = 16
Y intercept (c) = 23
Step-by-step explanation:
Given:
Points : (x1, y1) = (2, 55)
(x2, y2) = (4, 87)
Using two point form to calculate slope:
m = 16
To find y intercept:
Take any one point ans slope :
Using slope point formula:
y = mx + c
87 = 16(4) + c
Solving for c:
c = 23