Answer: $106,700
Step-by-step explanation:
y = money amount
x = months
Slope (m) = change in y / change in x = (68000-25000) /(23-3)= 43,000/20= 2,150
Now, we have to write the equation in the form y =mx+b, using one of the points:
25000= 2,150(3) +b
25,000= 6,450+b
25,000-6,450=b
18,550=b
So, the final equation is:
y = 2,150x+18,550
So, when x=41 months
y = 2,150(41)+18,550
y= $106,700
Feel free to ask for more if needed or if you did not understand something.
