Modern Electronics offers a one-year monthly installment plan for a big screen TV. The payment for the first month is 882, and t
hen it increases by 4% each month for the rest of the year. Which expression can be used to find the total amount paid in the first 12 months?
1 answer:
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Answer:
Step-by-step explanation:
First, we can find the slope using the slope equation and two of the points.
Slope equation:
I'm going to use the first two points just so I can avoid the fraction... Substitute the x and y values into the equation.
Simplify:
Now that we have the slope, all we need is the y-intercept. Luckily, it gives it to us in the table. The x value of y-intercepts will always be 0. Looking at the table, we see that the point where x=0 is (0,2). Thus, the y-intercept is 2. Your final equation is
