Given the following question:
To find the answer we will need to write it in slope intercept form:
[tex]\begin{gathered} m=\frac{y2-y1}{x2-x1} \\ m=\frac{7.85-7.55}{12-6}=\frac{0.30}{6} \\ \frac{0.30}{6}=0.05 \\ y=mx+b \\ x=6 \\ y=7.55 \\ m=0.05 \\ 7.55=0.05(6)+b \\ \text{Solve for b} \\ 0.05\times6=0.3 \\ 7.55=0.3+b \\ 0.3-0.3=0 \\ 7.55-0.3=7.25 \\ b=7.25 \\ y=0.05x+7.25 \\ \text{ the equation required to solve} \end{gathered}[/tex]
Every 6 months the employees have a $0.30 increase in pay
[tex]\begin{gathered} 0.30\div6=0.05 \\ \end{gathered}[/tex]
Pay increase per month is 0.05