Your savings account pays 2.5% interest per year. How much interest does the account pay per month.
1 answer:
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Answer:
B
Step-by-step explanation:
In slope intercept form, y = mx + b, the m is the slope, the b is the y intercept, and x and y can be subbed in from the point you are given of (1, 3). We are told the slope, so everything we have fills in like this:
Now we just need to solve for b:
and
so