A new savings account is opened with $300 and gains 3.1% yearly for 5 years
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Answer:
Step-by-step explanation:
Birth Rate in 1994 = 14.6 births per thousand population.
Birth Rate in 2004 = 14.32 births per thousand population.
A linear equation is of the form: y=mx+c
Where:
- x=years after 1994
- y=the birth rate
- m=Yearly Birth Rate
First, we determine the birth rate per year
Therefore, a linear equation that relates y in terms of x is of the form:
When x=0, y=14.6
14.6=-0.028(0)+c
c=14.6
Therefore, the linear equation that relates y in terms of x is: