How long will it take an account with a 6.7% interest rate, compounded continuously to double?
1 answer:
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When you first look at thius graph, you should notice two things immedietly.
1. This graph will have a positive slope, because the line is going up.
2. the y-intercept is -2 because that's where it is on the y-axis.
Now, you have been given two points, (2, 1) and (0, -2). You can put these two points into the slope formula, which is: m =
= 
= 3/2.
So, now you have your slope and your y-intercept. Now, just put them into y = mx + b form!
y = 3/2x - 2 (it is ubtracting two instead of adding two because it is a negative two.)
Hope this helps!!
~Kiwi
1. This graph will have a positive slope, because the line is going up.
2. the y-intercept is -2 because that's where it is on the y-axis.
Now, you have been given two points, (2, 1) and (0, -2). You can put these two points into the slope formula, which is: m =
So, now you have your slope and your y-intercept. Now, just put them into y = mx + b form!
y = 3/2x - 2 (it is ubtracting two instead of adding two because it is a negative two.)
Hope this helps!!
~Kiwi