Compute the amount of interest earned in the following simple interest problem. A deposit of $800 at 3.5% for 7 years = _____.
2 answers:
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Answer:
The equation in the slope-intercept form will be:
Step-by-step explanation:
Given
- slope = m = 6
- point = (1, 3)
As we know that the equation of a line in point-slope form is
substituting the values m = 6 and point = (1, 3)
Writing the equation in slope-intercept form
where m is the slope, and b is the y-intercept
so the equation of the line in slope-intercept form becomes
add 3 to both sides
Therefore, the equation in the slope-intercept form will be: