Diana invested $3000 in a savings account for 3 years. She earned $450 in interest over that time period. What interest rate did
1 answer:
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Answer:
Step-by-step explanation:
1) First, find the slope of the line. Use the slope formula to find the slope. Substitute the x and y values of the given points into the formula and solve:
So, the slope is .
2) Use the point-slope formula to write the equation of the line in point-slope form. Substitute values for
,
, and
into the formula.
Since represents the slope, substitute
in its place. Since
and
represent the x and y values of one point on the line, choose any one of the given points (it doesn't matter which one) and substitute the x and y values of it into the formula. (I chose (1,-4), as seen below). This gives the equation of the line in point-slope form.