Paul has $30,000 to invest. His intent is to earn 11% interest on his investment. He can invest part of his money at 7% interest
1 answer:
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Answer:
<u>Third Option</u>:
Step-by-step explanation:
Given the points on the graph, (4, 5) and (-4, -5):
In order to determine the equation of the given graph in slope-intercept form, y = mx + b:
Use the given points to solve for the slope:
Let (x₁, y₁) = (-4, -5)
(x₂, y₂) = (4, 5)
m = (y₂ - y₁)/(x₂ - x₁)
Therefore, the slope of the line is: .
Next, use one of the given points on the graph, (4, 5) to solve for the y-intercept, b:
y = mx + b
5 = + b
5 = 5 + b
5 - 5 = 5 - 5 + b
0 = b
Therefore, the linear equation in slope-intercept form is: . The correct answer is Option 3.