Suppose $580 is placed in a savings account at a simple interest rate of
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Answer:
The point of intersection is (0,-2).
Step-by-step explanation:
Equation 1:
Equation 2 :
Plot the lines on the graph
Refer the attached figure
Equation 1:
Equation 2 :
Point of intersection : A point where both the lines intersect is called point of intersection.
So, Both lines intersect at point (0,-2)
So, Point of intersection is (0,-2)
Hence The point of intersection is (0,-2).