What was the amount of the initial deposit that started this
savings account?
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Answer:
Step-by-step explanation:
12) The amount of the initial deposit is $1000
13) the slope is (y2 - y1)/(x2 - x1)
Slope = (4000 - 3000)/(6 - 4)
Slope = 1000/2 = 500
The y intercept is the value of y when x is zero. Therefore,
y intercept = 1000.
14) The equation of a straight line represented in the slope intercept form is
y = mx + c
Where
m represents slope
c represents intercept
Therefore the equation is
y = 500x + 1000
15) The slope represents rate of change in the amount saved with respect to time in months.