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Rob is saving money for a down payment on a house. He opens a savings account at his local bank and deposits $1000. He models his savings plan with the equation y = 400x + 1000 based on his current income and monthly savings rate. What is the meaning of the y-intercept in the equation?

1 Answer

5 votes

Answer:

starting amount in his savings account

Explanation:

User GTMeteor
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