If $7000 is borrowed at the rate of 5% per annum for 3 years what is the simple interest
1 answer:
You might be interested in
The linear equation in standard form is .
An equation can be represented by a linear function. The standard form for the linear equation is: ax+b , for example, y=7x+2. Where:
a= the slope. It can be calculated for .
b= the constant term that represents the y-intercept.
The question gives: X-intercept:3 and y-intercept: 5. Then,
- The x-intercept is the point that y=0, then the x-intercept point is (3,0).
- The y-intercept is the point that x=0, then the x-intercept point is (0,5).
With this information, you can find the slope (a).
The question gives the coefficient b since it gives the y-intercept=5.
Therefore the linear equation is : .
Read more about the linear equations here:
#SPJ1
