SOLUTION: PLEASE I NEED THE SOLUTION OF THIS QUESTION URGENTLY. IN 1990, A COMPANY HAD A PROFIT OF 1.3MILLION DOLLARS. IN 1992, THE COMPANY HAD A PROFIT OF 1.2 MILLION. WRITE A LINEAR EQUA

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: PLEASE I NEED THE SOLUTION OF THIS QUESTION URGENTLY. IN 1990, A COMPANY HAD A PROFIT OF 1.3MILLION DOLLARS. IN 1992, THE COMPANY HAD A PROFIT OF 1.2 MILLION. WRITE A LINEAR EQUA      Log On


   

Question 131691: PLEASE I NEED THE SOLUTION OF THIS QUESTION URGENTLY.
IN 1990, A COMPANY HAD A PROFIT OF 1.3MILLION DOLLARS. IN 1992, THE COMPANY HAD A PROFIT OF 1.2 MILLION. WRITE A LINEAR EQUATION GIVING THE PROFIT P, IN MILLIONS OF DOLLARS, IN TERMS OF THE YEAR, t. LET t=0 REPRESENT 1990.
Answer by rapaljer(4671) About Me  (Show Source):
You can put this solution on YOUR website!
Slope is m=%28change+in+Profit%29%2F%28change+in+Time%29
m=+%281.2-1.3%29%2F%282002-2000%29
m=-.1%2F2=-1%2F20

The y-intercept is the value of y when t=0, so the y-intercept is 1.3.

Final answer: +P=%28-1%2F20%29+t+%2B+1.3

R^2