What is the common difference between successive terms in the sequence 2,8,14,20
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We have been given that a graph that represents the amount of money in dollars that Tony expects to deposit in his account in terms of the number of years since opening the account.
We are asked to find the rate of change and initial value from our given graph.
We know that initial value is the point, where, graph intersects y-axis that is when x is equal to 0.
We can see that graph starts at 5000 on y-axis, therefore, initial value is $5000.
The rate of change will be equal to slope of line. Let us find slope of line using points (0,5000) and (1,7500).
Therefore, the rate of change is $2500 per year.
The equation represents the amount of money in dollars that Tony expects to deposit in his account.