Write an equation in slope intercept form for a line that passes through the y-axis at 5 and has a slope of -3
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Answer:
First, subtract the budgeted amount from the actual expense. If this expense was over budget, then the result will be positive.
Next, divide that number by the original budgeted amount and then multiply the result by 100 to get the percentage over budget. If your expenses were lower than your budgeted amount, then this number will be negative, describing the percentage under budget.
