How much principal must be deposited in a 5 year simple interest account that pays 4,75% interest to earn $500 in interest
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Greetings!
We can use these points to find the slope of a line, using the slope formula:
Input the points:
Combine like terms:
The Slope is Equal to:
To find the y-intercept of the line, we use the slope and the points. First, arrange the equation is slope y-intercept form:
Input the slope and one of the points:
Combine like terms:
The y-intercept is Equal to:
The Equation of the Line Is:
I hope this helped!
-Benjamin
We can use these points to find the slope of a line, using the slope formula:
Input the points:
Combine like terms:
The Slope is Equal to:
To find the y-intercept of the line, we use the slope and the points. First, arrange the equation is slope y-intercept form:
Input the slope and one of the points:
Combine like terms:
The y-intercept is Equal to:
The Equation of the Line Is:
I hope this helped!
-Benjamin