SOLUTION: Please an answer to this question will be appreciated: In 1990, a company had a profit of $1.3 million. In 1992, the company had a profit of $1.2 million. Write a linear equation

Algebra ->  Linear-equations -> SOLUTION: Please an answer to this question will be appreciated: In 1990, a company had a profit of $1.3 million. In 1992, the company had a profit of $1.2 million. Write a linear equation       Log On


   



Question 131692: Please an answer to this question will be appreciated:
In 1990, a company had a profit of $1.3 million. In 1992, the company had a profit of $1.2 million. Write a linear equation qiving the profit P, in million od 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