You deposit $8500 in an account that pays 1.78% annual interest. Find the balance after 10 years when the interest is compounded
2 answers:
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Answer:
y = - x + 3
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Calculate m using the slope formula
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (0, 3) and (x₂, y₂ ) = (4, 0) ← 2points on the line
m = = -
Note the line crosses the y- axis at (0, 3 ) ⇒ c = 3
y = - x + 3 ← equation of line