How much money would produce $70 as simple interest at 3.5% per annum?
1 answer:
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Answer:
x-intercept: 7/6
Step-by-step explanation:
The x-intercept is found by solving for x when y=0.
0 = 6x -7
7 = 6x . . . . . add 7 to both sides of the equation
7/6 = x . . . . divide both sides by 6
The x-intercept is 7/6 = 1 1/6 ≈ 1.167.
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The y-intercept is the constant in the given equation: -7. The slope of 6 tells you the line rises 6 units for 1 unit to the right. So, the point (1, -1) is another point on the graph. The line through those two points, (0, -7) and (1, -1), will intersect the x-axis at x=7/6.
