A bank is offering 2.5% simple interest on a savings account. If Jayden deposits $5000,
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here you go someone already has answered this question before <3
Slope intercept form: y = mx + b
When a line is perpendicular to another line, its slope is the negative reciprocal to that slope.
From this information, we already know that the slope of our new line is -1/2, because -1/2 is the negative reciprocal to 2 (which is the slope of the original line).
y = -1/2x + b
Because the point (-5,3) is given, we can simply plug the x and y coordinates into our incomplete equation.
3 = -1/2(-5) + b
3=2.5 + b
b = 0.5
ANSWER: y = -1/2x + 0.5
THE GRAPH IS LINKED; RED LINE IS y=2x-3 AND BLUE LINE IS y=-1/2x + 0.5
