A = $14,560; P = $13,000; t = 4 months; r =? ( I know the answer but how do I convert the time? 4/12??)
1 answer:
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Slope-intercept form:
y = mx + b
"m" is the slope, "b" is the y-intercept
To find "m", you can use the slope formula and plug in the two points:
The slope is 0 so:
y = mx + b
y = 0x + b [any number multiplied by 0 is 0]
y = b
To find "b", you plug in either of the points into the equation (since both of their y values are 1]
y = b
1 = b
Your equation is:
y = 1 (This is a horizontal line)