a bank charges a fee on savings accounts that are inactive for an extended period time. the equation y =7500 (0.97)x represents
2 answers:
Answer: The y intercept = (0,7500)
It represents the original amount of money in the account before left inactive. = $7,500
Step-by-step explanation:
Given: A bank charges a fee on savings accounts that are inactive for an extended period time.
The equation represents the value of y, of one account that was left inactive for a period of x years.
To find the y intercept , put x=0 in the equation, we get
Hence, the y intercept of the given equation = (0,7500)
It represents the amount of money in the account that was left inactive for a period of 0 years.
i.e that is the y intercept represents the original amount of money in the account before left inactive = $7,500
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