The answer is x = 3.
Tom borrowed $35,000 to remodel his house. At the end of 5-year loan, he had repaid a total of $46,375. At what simple interest
1 answer:
You might be interested in
Slope intercept form follows this general equation...
With this information you have posted, all you can do is find slope, your m. To calculate for slope, you need to use this following equation...
Then, you pick one of your coordinate pairs to be 1 and the other to be 2. I will choose the first coordinate pair as 1, so...
You plug in -1 into your slope formula...
Now, to find your y-intercept, or b, you must plug in one of your coordinate pairs. In that equation, you may plug in the values (3,3), so you'll have...
Just solve for b and you will be done
With this information you have posted, all you can do is find slope, your m. To calculate for slope, you need to use this following equation...
Then, you pick one of your coordinate pairs to be 1 and the other to be 2. I will choose the first coordinate pair as 1, so...
You plug in -1 into your slope formula...
Now, to find your y-intercept, or b, you must plug in one of your coordinate pairs. In that equation, you may plug in the values (3,3), so you'll have...
Just solve for b and you will be done
Answer:
Growth/Decay Factor = -6
Step-by-step explanation:
Hi there!
To find the growth/decay factor (<em>m</em>), we can use the following formula:
where two given points are
and
Plug any two of the given points in the table (below, you can see that I used (2,3) and (1,9):
Therefore, the growth/decay factor is -6.
I hope this helps!