Peter started to deposit 5000 monthly in a fund that pays 1%compounded monthly .how much will be in the fund after 8 months?
1 answer:
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Answer:
y-4=-7(x-1) OR y-(-10)=-7(x-3)
Step-by-step explanation: The point-slope form is -
=
(
-
)
In slope-intercept form, the equation would be y = -7x + 11
You could find the slope by using the slope equation, .
Using that, you would get -7. Thus by inserting one of the points and the slope in the point-slope equation, you will get your answer.
Here you go hope this helps
