if i deposit 600 on a bank account and after 6 years the balance is 618. what is my simple interest rate.
1 answer:
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Answer:
y- intercept = - 2.5
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Calculate m using the slope formula
m =
with (x₁, y₁ ) = (1, - 7) and (x₂, y₂ ) = (5, - 25)
m = =
= - 4.5 , then
y = - 4.5x + c
To find c substitute either of the 2 points into the equation
Using (1, - 7), then
- 7 = - 4.5 + c ⇒ c = - 7 + 4.5 = - 2.5
y- intercept c = - 2.5