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Correct! lines that have undefined slopes are always parallel to the y-axis as the change in x is 0. A gradient is calculated by the change in y divided by the change in x and anything divided by 0 is referred to as undefined.
(calculation for a gradient)
Hope that helps sorry if its a bit confusing :)
(calculation for a gradient)
Hope that helps sorry if its a bit confusing :)
To answer this, you use the formula where
is the simple interest that builds
is the principal (AKA the amount invested/borrowed)
is the interest rate per year
is the lenght of the loan, in years.
In your situation:
This means there'd be $450 of simple interest due at the end of 3 years.