Find the interest to the nearest cent. $3500 at 10% for 5 Years
1 answer:
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First, find the slope (m) = =
=
=
Now plug in ONE of the points and the slope into the point-slope equation:
y - y₁ = m(x - x₁); where (x₁, y₁) is the chosen point.
y - 5 = (x - 1) (I used (1,5) as the chosen point)
3(y - 5) = x - 1
3y - 15 = x - 1
3y -14 = x
-14 = x - 3y → x - 3y = -14
Answer: x - 3y = -14