A $5000 investment earns $550 annual simple interest in one year. What is the annual interest rate?
2 answers:
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ANSWER
The y-intercept is 10.
EXPLANATION
The given equation is
At y-intercept, x=0.
This implies that,
This simplifies to,
The y-intercept is 10.
It has the ordered pair,
Also, we can compare to
where
is the slope
and
is the y-intercept.
The y-intercept is 10.
EXPLANATION
The given equation is
At y-intercept, x=0.
This implies that,
This simplifies to,
The y-intercept is 10.
It has the ordered pair,
Also, we can compare to
where
and
is the y-intercept.