At age 40 you deposit $150 at the end of each month into an IRA that pays 4% interest compounded monthly. At age 65, what will t
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Given:
The inequality is:
To find:
The y-intercept, slope and type of line (solid or dotted).
Solution:
The slope intercept form of a line is:
...(i)
Where, m is the slope and b is the y-intercept.
We have,
The relation equation is:
...(ii)
On comparing (i) and (ii), we get
It means the slope is 5 and the y-intercept is 3.
The sign of the inequality in the given inequality is ">". It means the boundary line is not included in the solution set. So, the boundary line is a dotted line.
Therefore, the slope is 5, the y-intercept is 3 and the line is a dotted line.
