A table can be represented with a linear function equation as y = mx + b, where m is the slope and b is the y-intercept.
<h3>How to Represent a Table with Linear Function?</h3>
Assuming we have a table of values as shown in the image attached below, to write an equation of linear function for the table, do the following:
Pick two pairs of values, say, (1, 5) and (2, 25) and find the slope (m):
Slope (m) = change in y / change in x = (25 - 5)/(2 - 1)
Slope (m) = 20
Find the y-intercept (b) by substituting (x, y) = (1, 5) and m = 20 into y = mx + b:
5 = 20(1) + b
5 = 20 + b
5 - 20 = b
-15 = b
b = -15
Write the equation of the linear function by substituting m = 20 and b = -15 into y = mx + b:
y = 20x - 15
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We let the number of years that the two jobs will have the same payment be denoted as t. Equating the wages of these two jobs after t - 1 years will give us an equation of,
22,000 + 4000(t -1) = 26,000 + 2000(t - 1)
The value of t from the generated equation is 3. Therefore, after 3 years the jobs will be paying the same wages.
The value of x is 12 or 32
Answer:
$7,544.58
Step-by-step explanation:
We will use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, change 3.3% into its decimal form:
3.3% -> 
-> 0.033
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
The balance after 1 year will be $7,544.58
