You will receive $15000 I’m two years when you graduate. You plan to invest this at an annual interest rate of 6.5 percent. How
1 answer:
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Using the "gradient, two-point form", we have:
From the given data, we have that
Therefore, substitute in the given values:
We have that:
Simplify further
Multiply both sides by the LCM, 5x:
Simplify:
Note that the equation of a straight line is given by Ax + By = C where A and B are coefficients of x and y respectively. C is the constant. Hence:
6x+5y=15
From the given data, we have that
Therefore, substitute in the given values:
We have that:
Simplify further
Multiply both sides by the LCM, 5x:
Simplify:
Note that the equation of a straight line is given by Ax + By = C where A and B are coefficients of x and y respectively. C is the constant. Hence:
6x+5y=15