Line MN passes through points M(4, 3) and N(7, 12). If the equation of the line is written in slope-intercept form, y = mx + b,
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A = the future amount
S = initial amount
r = rate of interest
t = time in years
Now plug in all variables into the equation.
To the nearest cent would be rounding the answer to the nearest hundredth.
The answer is $24670.42
Solving the equation for y puts it in slope-intercept form.
This tells you one point can be plotted on the y-axis at y=-1. Another point can be plotted 3 units up and 5 units to the right of that one, at (5, 2). The graph is the line through those points.
Since you're asked to plot at least 3 points, your third point could be 5 units left and 3 units down from the first one, at (-5, -4).
