Answer:
equation y =7/4x+1
slope = 7/4
Step-by-step explanation:
We have two points so we can find the slope
m =(y2-y1)/ (x2-x1)
= (4--3)/(2--2)
= (4+3) / (2+2)
= 7/4
We know the slope and the y intercept
We can write the equation using y = mx+b where m is the slope and b is the y intercept
y= 7/4x +1
We put at dot at (0,1) and then go up 7 and to the right 4 . We put another dot
Connect the dots and we have our line.
We could also put dots at (-2,-3) and (2,4) and connect the dots.
£7200
In first year depreciates by 20%, that is it is worth 80% of it's original value
80% = = 0.8
value after 1 year = 0.8 × £10000 = £8000
In the second year it depreciates by 10% of it's value, that is it is worth 90% of it's value at the end of the first year.
90% = = 0.9
value after 2 years = 0.9 × £8000 = £7200
We have been given that Clare made $160 babysitting last summer. She put the money in a savings account that pays 3% interest per year. If Clare doesn't touch the money in her account, she can find the amount she'll have the next year by multiplying her current amount 1.03.
We are asked to write an expression for the amount of money Clare would have after 30 years if she never withdraws money from her account.
We will use exponential growth function to solve our given problem.
An exponential growth function is in form , where
y = Final value,
a = Initial value,
r = Growth rate in decimal form,
x = Time.
We can see that initial value is $160. Upon substituting our given values in above formula, we will get:
To find amount of money in Clare's account after 30 years, we need to substitute in our equation.
Therefore, the expression represents the amount of money that Clare would have after 30 years.