A bank charges a fee on savings accounts that are inactive for an extended period of time. The equation y=7500 (0.97) ^x represents the value, y, of one account that was left inactive for a period of x years. What is the y-intercept of the equation and hwat does it represent

Question

Mathematics

Marie Waters

3 July, 18:34

A bank charges a fee on savings accounts that are inactive for an extended period of time. The equation y=7500 (0.97) ^x represents the value, y, of one account that was left inactive for a period of x years. What is the y-intercept of the equation and hwat does it represent

+1

Answers (1)

Know the Answer?

Briley · Answer 1

The correct answer for the question that is being presented above is this one: "7500." T he y-intercept of the equation is 7500. It represent that when the amount of x is zero, then that's the value of y.

Y - intercept can be acquired when we substitute x with 0.

y = 7500 (0.97) ^0

y = 7500 * 1

y = 7500.