Write the function that the balance after t years $35000 deposit that earns 9.2% annual interest compounded quarterly
1 answer:
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Answer:
y = 6
Step-by-step explanation:
Let the y-intercept form of the equation of the line is,
y = mx + b
Here, m = Slope of the line
b = y-intercept
Slope of the line passing through two points and
is given by,
m =
Slope of the passing through (0, 6) and (5, 6) will be,
m =
m = 0
Equation of the line with m = 0 will be,
y = 0 + b
y = b
Since, line passes through (0, 6),
By substituting the values in the equation,
b = 6
Therefore, standard equation of the line passing through (0, 6) and (5, 6) will be,
y = 6