If it’s parallel the slope will always be 0
x<<span>−<span>3
hope this helps! (:</span></span>
Answer:
y = ($2500)(1.04)^x
Step-by-step explanation:
The initial value = $2500
The value of the stock is expected to grow at the rate of 4%
Let x represent the number of years since the stock was made available for purchase.
Let y represent the value of the stock x years later.
y1 = amount of money after one year.
y1 = $2500 (100% + 4%)
y1 = $2500 (104%)
y1 = $2500(1.04)
y2 = amount of money after two years
y2 = y1 (100% + 4%)
y2 = y1 (104%)
y2 = y1(1.04)
y2 = $2500(1.04)(1.04)
y2 = $2500(1.04)^2
This will give a pattern
y5 = $2500(1.04)^5
After x years the model of the equation will be y = ($2500)(1.04)^x
Because, 24/3 is 8 so 27 x 8= 216 therefore making the two equivalent