For this case we have that by definition, the equation of a line in the slope-intersection form is given by:
Where:
m: It is the slope of the line
b: It is the cut point with the y axis
We have according to the data:
Thus, the equation is of the form:
We substitute the given point:
Finally, the equation is:
Answer:
20/11=20 divided by 11
1.8181818181818...
13r+23r=-2-1
36r=-3
r=-3/36
r=-1/12
Answer:
$70,201.38
Step-by-step explanation:
To determine the principal amount, we can use the formula:
A = $200,000
r = 7% or 0.07
t = 15 years
n = 12
Now let's substitute our values.
So the principal needed to get 200,000 in 15 years is $70,201.38.