In 1999, the share price for General Motors stock was $144 per share but has been declining at an average rate of 14% per year.
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To solve this, we need to understand Slope Intercept Form (SIF), as well as how to graph a line.
SIF is the standard equation of lines on graphs. It is "y=mx+b" where m is the slope and b is the y-intercept. The y-intercept is the value of y when x is 0.
To find the y-intercept (which we will need to form the equation), we should simply graph the line. This will let us visualize the y-intercept, and overall make it easier to understand.
To graph a line, we should start with the point we have (that being (3, 3)) and follow the slope with rise/run. This means in this case, we will go right 2 for every 1 up, or 2 left for every 1 down.
Below I have attached a graph to help you see how to graph this, which we will get our equation from. The highlighted area is our y-intercept. The red circle shows our original point (3,3), and the blue dots show our slope.
Using the graph, we can see the equation for this line is y=1/2x+1.5.
SIF is the standard equation of lines on graphs. It is "y=mx+b" where m is the slope and b is the y-intercept. The y-intercept is the value of y when x is 0.
To find the y-intercept (which we will need to form the equation), we should simply graph the line. This will let us visualize the y-intercept, and overall make it easier to understand.
To graph a line, we should start with the point we have (that being (3, 3)) and follow the slope with rise/run. This means in this case, we will go right 2 for every 1 up, or 2 left for every 1 down.
Below I have attached a graph to help you see how to graph this, which we will get our equation from. The highlighted area is our y-intercept. The red circle shows our original point (3,3), and the blue dots show our slope.
Using the graph, we can see the equation for this line is y=1/2x+1.5.