5. What is the balance in an account opened with $25,000 earning 6% interest compounded yearly
1 answer:
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A. Finding the slope
The slope of the function is simply the ratio of the value of the dependent variable over the independent variable, so in this case it is:
slope = 6/ 3 = 2
B. Finding the y – intercept
The y – intercept is simply the value of the dependent variable when the independent variable is equal to zero, therefore:
y – intercept (b) = 4
C. Finding the function of the graph
The general equation of a line is given as:
y = m x + b
where m is the slope and b is the y intercept therefore:
y = 2 x + 4
D. Finding the x – intercept
The x – intercept is simply the value of the independent variable (x) when the dependent variable (y) is equal to zero, therefore:
0 = 2 x + 4
x = - 2
E. Graph the function
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