What would be the payout in year 7 under plan A?
2 answers:
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Slope intercept form: y = mx + b
mx = slope
b = y-intercept
We know the y intercept is 0, so nothing will be written there.
To find the slope of this line, we can use the slope formula.
We'll use the points (1, 0) and (3, 1) to find the slope.
Now we can just plug these values into the equation to find the slope.
1 - 0 / 3 - 1
1 / 2
The slope of the line is 1/2, or 0.5.
The slope-intercept form of this line can be written as:
y = 0.5x