Find the Point where the two lines intersect each other. What are the coordinates of this point?
1 answer:
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Answer:
$216435
Step-by-step explanation:
Given : Suppose homes in a big city increase in value 13% every year.
To Find: How much will a home that cost $150,000 be worth 3 years later?
Solution:
Principal = $150000
Rate = 13% =0.13
Time = 3 years
Formula :
Now substitute the values in the formula
So, The cost of home after 3 years will be $216435
Hence Option B is true
We have the equation for company 1: y = 3x + 5. That means it costs $3 to rent a movie with a $5 fee no matter how many movies you rent. It would benefit us to have the equation for company 2, so we need to find it using 2 points on the line. I picked the points (2,14) and (0,12). Find the slope of this by using the slope formula: 
which gives us a slope of 1. Now we can use that slope and the slope-intercept form of a line to find the y-intercept, which serves as the fee for renting from company 2. 14=1(2)+b and 14 = 2 + b and b = 12. The equation then for company 2 is y=1x+12. This means it costs $1 to rent movies, but your fee to rent, no matter how many movies you pick, is $12. The "rate of change" in the choices refers to the slope. The slope in company 1's equation is 3 and the slope in company 2's equation is 1. The best description is the first choice that says "There is a higher rate of change at Company 1".