Answer:
The slope is approximately 2 and the y-intercept is approximately 3.
Step-by-step explanation:
I don't know if this is right but I hope it is have an amazing day.
2.947368421 when dividing you want to make sure te numbers are divisible <span />
Part A:
To get the interest of 1 year
Multiply 20,000 by 5% or 0.05
You get $1,000
Thats the amount for 1 year, now to get for 4 years, multiply 1,000, by 4
She pays $4,000 in interest
Part B:
If she pays it off in 2 years, instead of 4 years, she will pay an interest of $2,000, divide 4 by 2
Part C:
This is the same as part b, she saves $2,000
Hope this helps
-GoldenWolfX
It takes 3 years for the balance of account to be $ 221
<em><u>Solution:</u></em>
From given information,
Principal = $ 200
Rate of interest = 3.5 %
Amount after "n" years = $ 221
To find: number of years
In simple Interest,
Simple interest = amount earned - principal
Simple interest = 221 - 200 = 21
Thus simple interest earned is $ 21
<em><u>The formula for simple interest is given as:</u></em>

Where,
p is the principal
n is the number of years
r is the rate of interest per annum
Substituting the given values in formula,

Thus it takes 3 years for the balance of account to be $ 221