Mrs. Baxter deposits $2000 in an account that earns 5% interest. How much is Mrs. Baxter's investment worth after 8 years
1 answer:
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Answer:
3
Step-by-step explanation:
Given a line with points; (2, 5) (3, 8).
1. Find the slope of the given line
The formula for finding the slope is:
Substitute in the values;
simplify;
= 3
2. Find the slope of the parallel line;
Remember, when two lines are parallel, they run alongside each other, of infinitely long, but they never touch. Hence two parallel lines have the same slope. Therefore, the slope of a line that is parallel to the given one will also have the same slope as the given one, which is 3.