Suppose that a loan of $8000 is given at an interest rate of 16% compounded each year.
1 answer:
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Answer:
y = 3x - 5
Step-by-step explanation:
1. The slope-intercept form a line is y = mx + b, where y = y-coordinate, m = slope, x = x-coordinate, and b = y-intercept.
2. Given the values of m and b, let's plug them in:
Therefore, the equation of the line in slope-intercept form is y = 3x - 5.
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