Find the amount or annuity of 10,00 paid yearly for three years at 8% per anum
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The answer is 5/2. The equation is already in point slope form. If you recall, the equation for point slope form is y-y1 = m(x-x1) where y1 and x1 are points on the graph, and m is the slope. In the given equation, m is 5/2 so we know it is the slope.
Alternatively, if you are not familiar with the point slope for equation, you can manipulate the equation to the form of y=mx+b where m is the slope and b is the constant. If you solve for y, you get y=5/2x-1 since 5/2 is in the place of m, we know 5/2 is the slope.
Alternatively, if you are not familiar with the point slope for equation, you can manipulate the equation to the form of y=mx+b where m is the slope and b is the constant. If you solve for y, you get y=5/2x-1 since 5/2 is in the place of m, we know 5/2 is the slope.