Hal Fritz purchased a $4,000 bond at 90. The annual interest is 5%. What was the cost of the bond? What was the annual interest?
1 answer:
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Answer:
In order to find the slope (m), and the y-intercept of this coordinate pair, you must complete rise over run.
This is represented by y2-y1, x2-x1. This can be represented like so:
-4-0 = -4
5--4 = 9
Here, we have concluded that our slope is -4/9.
Now, we must convert this into point slope form. Point slope form is y-y1=m(x-x1). This will look like this in our situation:
y+4=-4/9(x-0)
To solve, distribute the -4/9 first, which will leave you with:
y+4=-4/9x+0
Now, subract the 4 to both sides of the equation.
Our final answer looks like: y=-4/9-4.
<em>-</em>
<em>SLOPE: -4/9</em>
<em>Y INTERCEPT: -4 </em>
