The average annual salary of the employees of a company in the year 2005 was $70,000. It increased by the same factor each year
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For this case we have that by definition, the equation of a line of the slope-intersection form is given by:
Where:
m: It's the slope
b: It is the cut-off point with the y axis
By definition, if two lines are parallel then their slopes are equal.
Then, the requested line will have a slope equal to:
Thus, the line is of the form:
We substitute point and find "b":
Finally, the equation is:
Answer: