Question

You just decided to open a savings account and went to the bank and made an initial deposit. You decide to save another set amount each month. Without any interest being paid, the equation =20+50

represents the amount of money,
y
, in your savings account after
m
months. Select what the slope and y-intercept represent in this problem.

(Choose 2)

Answer 1

Options (1) and (4)

Explanation:

Given equation for the deposit in the saving account is,

y = 20x + 50

Here, y = Amount of money in the account

20 = money added in the account every month

50 = Initial deposit

By comparing this equation with the slope-intercept form of the equation of a line,

y = mx + b

Here, slope m = money added in the account every month

And b = y-intercept

Therefore, Options (1) and (4) will be the answer.