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Xelga [282]
2 years ago
5

mike opened a savings account and deposited $300.00. The account earns 11% interest, compounded annually. If he wants to use the

money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?
Mathematics
1 answer:
Sever21 [200]2 years ago
5 0
He will be able to spend 366 for the bike because every year he gets 33 dollars(the 11% interest)
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Please help me and add an explanation!! Will mark brainliest!
sasho [114]

Answer:  Choice H

y = -2x+3

=========================================================

Explanation:

Start at any point you want on the diagonal line. Notice how we move down 2, right 1 to get to a neighboring point. This "down 2, right 1" motion determines the slope

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slope = rise/run = -2/1 = -2

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Another way to find the slope is to use the slope formula for any two points on that diagonal line.

The y intercept is 3 because this is where the diagonal line crosses the y axis. This means b = 3.

---------------------

To summarize, we found that m = -2 is the slope and b = 3 is the y intercept.

We go from y = mx+b to y = -2x+3

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