I = PRT
P = 8000
T = 4
R = 12%...turn to decimal...0.12
now we sub
I = (8000)(0.12)(4)
I = 3840 <==
Answer:
Ok
Step-by-step explanation:
Answer:
m = 2.25
Step-by-step explanation:
In a standard equation of y = mx + b, m is the slope. In this situation, the slope is the price paid per mile.
To find the slope of the line, we use the slope formula: (y₂ - y₁) / (x₂ - x₁). I will use the points (3, 8.25) & (11, 26.25)
Plug in these values:
(26.25 - 8.25) / (11 - 3)
Simplify the parentheses.
= (18) / (8)
Simplify the fraction.
18/8
= 9/4
This is your slope.
In a dollar value, it is 9/4 of a dollar, or $2.25 per mile.
