What is the balance of $6000 compounded annually at a rate of 4% for 10 years?
1 answer:
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Answer:
y = -2x + 8
Step-by-step explanation:
When two points are given, the equation of the line passing through the points is given by:
where: and
are the two points passing through the line.
Here, and
.
Substituting in the formula, we have:
⇒
⇒ y - 4 = -2x + 4
⇒ y = -2x + 8 is the required equation of the line.