Math Problem Statement
Solution
The graph shows a linear relationship between time (in weeks) and the balance (in dollars) in a savings account. We need to derive the equation of the line from the given points.
From the graph:
- One point is , indicating the initial balance (the y-intercept).
- Another point is , giving another reference.
Step 1: Calculate the slope of the line
The slope of a line is calculated using the formula:
Here, and . Plugging in these values:
Step 2: Write the equation in slope-intercept form
The slope-intercept form of a line is given by:
Where:
- (the slope)
- (the y-intercept, from the point )
Thus, the equation of the line is:
This represents the balance in the savings account as a function of time.
Would you like further details or clarifications? Here are five related questions to expand on this:
- How do we interpret the slope of the line in this context?
- What does the y-intercept represent in practical terms for this problem?
- How would the equation change if the initial balance was higher?
- What if we wanted to predict the balance after 6 weeks using this equation?
- How could we calculate the time it takes for the balance to reach $500?
Tip: The slope of a line represents the rate of change, which in this case is how much the savings increase per week.
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Equations
Graph Interpretation
Formulas
Slope formula: m = (y2 - y1) / (x2 - x1)
Slope-intercept form: y = mx + b
Theorems
Equation of a straight line in slope-intercept form
Suitable Grade Level
Grades 7-9
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