Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when
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Answer:
Step-by-step explanation:
To write the equation of a line we need 2 points. We know:
- If the y-intercept of the line is -3 then the point is (0,-3).
- If the x-intercept of the line is -4.5 then the point is (-4.5,0).
Using these two point, we will find the slope and then substitute it into the point slope form with a point.
Slope:
This decimal is -2/3. We will now substitute -2/3 and (0,-3) into the point slope form.