The following are the situations wherein the equation of the line can be found:
A.) Two points on the line are known
<span>D.) A point on the line and the slope are known.
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Here's what we know: Coach Posey has $10,000, and will be hypothetically investing in Bryant Bank for 12 years at 5% simple interest.
We can calculate the interest with the formula I = prt, where I is the interest, p is the principal (starting amount), r is the rate, and t is the amount of time.
I = $10,000(0.05)(12)
I = $10,000(0.6)
I = $6,000
He started with $10,000, and earned $6,000 interest, so he has $10,000 + $6,000, or $16,000.
