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8 November, 23:21

Hank started a savings account in June of 2002. On June 2006 he had $3800. On June 2014 he had 8600. If hanks saving is modeled by a linear function what was his initial deposit

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  1. 9 November, 01:34
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    If the savings is done by a linear function, then first solve the slope of the function:

    m = (y2 - y1) / (x2 - x1)

    m = (8600 - 3800) / (2014 - 2006)

    m = $ 600 per year

    using (8600, 2014)

    y = mx + b

    8600 = (600) (2014 - 2002) + b

    b = $ 1400 is the initial deposit
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