Suppose $600 is compounded yearly for 20 years. If no other deposits are made, what rate is needed for the balance to triple in
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Answer:
Step-by-step explanation:
The x-intercept of -2 gives us an idea that point (-2,0) if found along the line. The y-intercept of -1, tells us that point (0,-1), this also tells us that b = -1.
Now that we have two points, we can solve for slope m
Now that we have both m and b. Substitute these values to the slope intercept form