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OpenStudy (anonymous):
Do you know how to find the slope of this line?
OpenStudy (imstuck):
Ok honey...at the point (0,234), that means that when she started the account, she started it with $234. Then after 5 years she has 270.27, which is the point (5,270.27) See that so far?
OpenStudy (anonymous):
Yes.
OpenStudy (imstuck):
Ok, you have a linear situation with her account. It grows at a steady rate. So the interest rate can be found by finding the slope of the line between any two points on that line. @Venny is correct here.
OpenStudy (anonymous):
yay, finally some normal stuff~!
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OpenStudy (imstuck):
You use the points on the line to find the rate of change between the points, which in this case is the slope.
OpenStudy (imstuck):
\[\frac{ y _{2}-y _{1} }{ x _{2}-x _{1} }\]\[\frac{ 270.27-234 }{5-0 }=\frac{ 36.27 }{ 5 }=7.25\approx7.3\]
OpenStudy (imstuck):
Do you see how to do this?
OpenStudy (anonymous):
Yes, that's not so bad.
OpenStudy (imstuck):
More?
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OpenStudy (anonymous):
Problems?
OpenStudy (imstuck):
yes
OpenStudy (anonymous):
or more steps?
OpenStudy (imstuck):
more problems?
OpenStudy (anonymous):
we're done with this one?
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OpenStudy (imstuck):
Yes, it's 7.3
OpenStudy (anonymous):
I only need you to help me verify this one and then I just have one more to actually "do".