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Answer:
y - 2 = 6 (x - 1)
Step-by-step explanation:
Slope intercept form equations look like this:
y - y1 = m (x - x1)
***m =
Using the point (1,2), we know that x1 = 1 and y1 = 2. Let's sub these values into the slope intercept equation:
y - 2 = m (x - 1)
To complete this equation, we need to find slope. Pick out another point on the graph and plug into the slope equation. We can use point (2,8), where (1,2) = Point 1 and (2,8) = Point 2.
Now that we know m = 6, let's plug that back into the original equation to get our final answer:
<u>y - 2 = 6 (x - 1) </u>
I hope this helps!
We have been given that Willy has compounded monthly to invest his summer earnings of $4259 in the Rock Solid Bank. The bank is offering 6%. We are asked to find the amount of money will be after 5 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year.
t = Time in years.
Since interest is compounded monthly, so and
.
Therefore, Will will have approximately in 5 years.