How much interest must you deposit in an account to earn $400 per year at 2% simple interest?
1 answer:
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Answer:
y = 2
Step-by-step explanation:
For the exponential function in the form
y = a
Use ordered pairs from the table to find a and b
Using (0, 2 ), then
2 = a (
= 1 ) , thus
a = 2, so
y = 2
Using (1, 6 ) , then
6 = 2b ( divide both sides by 2 )
b = 3
Thus the exponential function is
y = 2
Answer:
--- y intercept
Step-by-step explanation:
Given:
x = weeks; y = copies
The right parameters are:
After 1 week, 5840 copies were downloaded
After 5 weeks, 13090 copies were downloaded
So, the (x,y) forms are:
Next, we calculate the slope (m) using:
The equation is then calculated using:
To calculate the y intercept, substitute 0 for x