Christine deposits $700 into an account that pays simple interest at a rate of 2 per year. How much interest will she be paid in
1 answer:
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Answer:
The slope is . The slope means that the amount of money in the account is decreasing at a rate of $
every week.
Step-by-step explanation:
Given coordinates are
We need to find the slope of the graph, and explain what does slope means for this graph.
The formula for computing slope is
Where and
are the point on the line.
Let us plug points in the equation
Here, the negative sign of slope represents that the value of the function (budget) is decreasing, with an increase in time (week).
The slope is . The slope means that the amount of money in the account is decreasing at a rate of $
every week.