Answer:
300
Step-by-step explanation:
I = interest earned
P = Principal
R = interest rate
T = Months
plug in all the numbers which would be...
45 = P x 0.03 x 5 *Note that 0.03 is 3% in decimal form
0.03 x 5 = 0.15
45 = P x 0.15
to make the P by itself you have to divide 0.15 to both sides
45/0.15 = 300
P = 300
Since the equation is in y = mx+b form you can easily determine the y intercept based on the b value present.
Y = mx + b
Y = 2x - 3
B = y intercept = (0,-3).
I believe I already answered this question... did I get it wrong?
You multiply straight across, and one number is a fraction and the other is not.