A principal of $4900 is invested at 8.5% interest, compounded annually. how much will the investment be worth after 7 years? Rou
1 answer:
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Answer:
<u>y = -2x + 7</u>
Explanation:
<em><u>y = mx + b</u></em>
<em><u /></em>
<em>m = slope</em>
<em>b = y-intercept</em>
<em>y = a given y coordinate</em>
<em>x = a corresponding x coordinate</em>
<em />
First, we need to find the slope (m).
1) (4, -1)
2) (2/3)
m = slope = =
=
= -2
plug in the values to the equation <u>y = mx + b</u>
<u />
-1 = -2(4) + b
-1 = -8 + b
7 = b
now, we can substitute in m and b into the equation y = mx + b
<u><em>y = -2x + 7</em></u>