If $10,000 is placed in an investment paying 4.8% yearly interest compounded annually, how long will it take for the account to
double?
1 answer:
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Answer:
The linear equation is y = 6 x + 9
The graph is attached down
Step-by-step explanation:
The given information:
The cost of 1st km is 9 Rs
The cost of every kilometer after the first is 6 Rs
x represents the number of km
y represents the total cost of x km
The form of the linear equation is
y = m x + b, where
- m is the slope of the line (rate of change)
- b is the y-intercept (initial value)
From the given information above
m = 6 Rs/km
b = 9 Rs
Substitute them in the form of the equation
y = 6 x + 9
The graph:
