Mary invests £1200 in a savings account. The account pays 1.5% compound interest per year. Work out the value of her investment
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Answer:
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Step-by-step explanation:
Hello! I hope you are having a nice day.
We can solve this equation in a single step, we just need a bit of theory and a graph.
We can first see that its in form. Which is also known as Slope-Intercept form.
This means that we know the following.
is the y coordinate of the y intercept.
is the slope of the line.
Since we know that, we can see that from our equation that the slope of the line is 3 and the y intercept is (0,-7).
Now that we've gotten that, we can start graphing.
The y intercept is -7 so we can plot (0,-7) as one of our points.
The slope of 3 means that we got up 3 units then right a single unit.
Therefore, another point could be (1,-4).
With our two points, we can create our graph by creating a straight line through those two points and therefore plotting our line.
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