How long will it take for an investment of $2000 to double in value if the interest rate is 7.25%
1 answer:
You might be interested in
To find the rate of change, or slope, pick two points. The slope, is change in y coordinates over change in x coordinates.
.
In this case, the slope is
.
Remember that subtracting a negative number equals adding the number without the negative sign.
a-(-b) = a+b
Now for the y-intercept. The y-intercept is where the graph intersects the y-axis, where x = 0.
You have the coordinate (0, -1), where x = 0. So the y-intercept is -1.
Putting these values into the slope-intercept form y = mx+b, the equation is
y = -5x - 1
In this case, the slope is
Remember that subtracting a negative number equals adding the number without the negative sign.
a-(-b) = a+b
Now for the y-intercept. The y-intercept is where the graph intersects the y-axis, where x = 0.
You have the coordinate (0, -1), where x = 0. So the y-intercept is -1.
Putting these values into the slope-intercept form y = mx+b, the equation is
y = -5x - 1