Using the rule of 72, how long will it take for the principal to double with an annual compound interest rate of 6%?
1 answer:
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Answer:
m=0
Step-by-step explanation:
The slope of a line can be found using:
Let's call (2,0) our "2" coordinate, and (1,0) our "1" coordinate.
Coordinates are written as: (x,y)
Therefore, our x2 is 2 and y2 is 0. Our x1 is 1 and y2 is 0.
Substitute these values into the formula .
m=0
The slope of the line is 0
Answer:
Step-by-step explanation:
y-intercept is when x = 0, so (0, 2)
x-intercept is when y = 0, so (4, 0)
Slope-intercept form of linear equation:
(where m is the slope and b is the y-intercept)
Given:
- b = 2