If $95 is put in an account that gets 6% and I add $18 at the end of each year, how much will I have at the end of 11 years?
1 answer:
You might be interested in
You can plot a linear equation, if you are given the coordinates and the slope for THE SAME line.
Assuming you have those, the first step is to find the y-intercept.
That is done by replacing and
in the general formula by their coordinated counterparts, and replacing
by the slope that is given to you.
Let's assume the coordinates you are given are , and the slope you are given is 1.
By substituting into the general formula...
...we can see that it is possible to find the y-intercept ().
Knowing the y-intercept, it is possible to plot the line and solve any question.
I'll leave a picture of the example used above when graphed.
