Write an equation in Slope Intercept Form for the following line.
2 answers:
Answer:
The equation in slope intercept form (y = mx + b) is y = 2x - 4
m = the slope
b = the y intercept
The line cross the y-axis at -4 so the y-intercept (b) is -4.
You can use the slope formula since you have plotted points (0, -4) and (2, 0) on the graph that you can plug in.
=
= 2
So the slope (m) is 2. Now you can make the slope-intercept form using these values. So, the equation for the line is y = 2x - 4
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Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.
Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.