John bought a 4-year certificate of deposit for $9.800 that has an interest rate of 3.255 % compounding monthly
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<h3><u>Explanation</u></h3>
- Convert the equation into slope-intercept form.
where m = slope and b = y-intercept.
What we have to do is to make the y-term as the subject of equation.
- Simplify
From y = mx+b, the slope is 3.
<h3><u>Answer</u></h3>