Fred deposited $3000 in his daughters account that grows at a rate of 2% per month. write a function to represent this situation and use it to determine how much is in the account after 6 months.

function: y=.02x+3000, y = .02(6)+3000, 3000.12

Step-by-step explanation:

first find the rate, which is 2%. convert it into a decimal, which is .02. then add 3000 and replace x with 6, because 6 months

Step-by-step explanation:

Equation of a line is given as

y=mx+c

Where

m Is the slope

c is the intercept on the y-axis and at x=0

So from the graph to get the intercept we will look at x=0 and check for y at that point

Prove

y=mx+c

At x= 0

y=m•0 +c

y=c

Then, the intercept is on y axis at x=0

So, from the graph, at x=0, y=0.7

Then, since y=c

Then, c=0.7

The intercept is 0.7