Find the simple interest earned in a savings account that pays 5% interest if $500 is deposited for 4 years.
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Answer:
Step-by-step explanation:
THe slope of a straight line is given by the formula:
Where
m is the slope
x_1 and y_1 are the first coordinate pair points [(2,3)]
x_2 and y_2 are the second coordinate pair point [(8,6)]
So, we know that:
x_1 = 2
x_2 = 8
y_1 = 3
y_2 = 6
Now we substitute and find the value of slope to be: