The answer is C. SinC=b/a
Bonus #1) June 30 is equivalent to the 91st day of April or the 61st day of May.
Hilda's deposit of 4520 earned interest for 91-1 = 90 days.
Hilda's deposit of 580 earned interest for 61-10 = 51 days.
Hilda's deposit of 590 earned interest for 61-23 = 38 days.
Balance = $4520·(1 +.035/365)⁹⁰ + 580·(1 +.035/365)⁵¹ + 590·(1 +.035/365)³⁸
... = $4559.175 +582.843 +592.154
... ≈ $5734.17
Deposits total 4520 +580 +590 = 5690, so interest earned is
... $5734.17 -5690.00 = $44.17
Bonus #2) This problem can be worked the same way, except that withdrawals are subtracted from the final balance.
Owner's deposit of $12,300 earned interest for 91 days.
Owner's withdrawal of $3600 reduced the balance for 53 days.
Owner's withdrawal of $1200 reduced the balance for 10 days.
Balance = $12300·(1 +.035/365)⁹¹ -3600·(1 +.035/365)⁵³ -1200·(1 +.035/365)¹⁰
... = $12,407.795 -3618.342 -1201.151
... ≈ $7588.30
Interest earned = $7588.30 - (12300 -3600 -1200) = $88.30
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Answer for problem 1: slope = 2, y intercept = 3
Answer for problem 2: slope = 3/4, y intercept = -2
Explanation:
Both equations are in the form y = mx+b. This is known as slope intercept form. This is because we can read off the values of the slope and y intercept very quickly. We have y = 2x+3 match up with y = mx+b. The m is the slope and b is the y intercept. So m = 2 and b = 3 for this equation. A similar situation happens with the other equation as well. It might help to rewrite the second equation into y = (3/4)x + (-2).
