. Find the simple interest on a $2,219.00 principal, deposited for 6 years at a
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Answer:
Step-by-step explanation:
<u>Linear Modeling</u>
It consist is setting up a linear relationship between two variables, given some experimental data. Only 2 points are needed to set up the equation of a line, but if more than 2 points are used, then the result should use statistical approaches like linear regression to find the best-fit line.
For the question at hand, Marty practices his piano lessons 11 minutes the week #1. It provides the first point (1,11). He practices 25 minutes per day on the third week. It gives us another point (3,25). This is enough to find the equation of a line. The general formula for a line, having two points (m1,w1) (m2,w2) is
Let's plug in our values
Simplifying: