Answer:
Please check explanations
Explanation:
Here, we want to get the following;
1. Initial deposit
The initial deposit is the value of y when x = 0
We can see this at x = 1000
2. slope and y-intercept
The y-intercept is the y-value of the graph when x = 0
It is the point at which the graph crosses the y-axis
From the plot, we can see that the y-intercept is 1000
To get the slope, we select and two points on the graph and apply the slope formula
The points selected are;
(2,2000) and (4,3000)
The formula for the slope is;
y = (y2-y1)/(x2-x1)
y = (3000-2000)/(4-2) = 1000/2 = $500 per month
3. Generally the equation of a line is;
y = mx + b
where m is slope and b is the intercept
So the equation will be;
y = 500x + 1000
4. The meaning of slope in the graph represents the unit of amount saved per month in the plan. It is just giving us a breakdown of what’s saved by each month on the plan