SOLUTION: BETWEEN THE YEARS 1990 AND 2000,THE ANNUAL PROFIT OF THE ALPHA COMPANY INCREASED BY ABOUT $70,000 PER YEAR.IN 1998, THE COMPANY HAD ANNUAL PROFIT OF $2,000,000. WRITE AN EQUATION I

Algebra ->  Systems-of-equations -> SOLUTION: BETWEEN THE YEARS 1990 AND 2000,THE ANNUAL PROFIT OF THE ALPHA COMPANY INCREASED BY ABOUT $70,000 PER YEAR.IN 1998, THE COMPANY HAD ANNUAL PROFIT OF $2,000,000. WRITE AN EQUATION I      Log On


   

Question 144433: BETWEEN THE YEARS 1990 AND 2000,THE ANNUAL PROFIT OF THE ALPHA COMPANY INCREASED BY ABOUT $70,000 PER YEAR.IN 1998, THE COMPANY HAD ANNUAL PROFIT OF $2,000,000. WRITE AN EQUATION IN SLOPE INTERCEPT FORM THAT GIVES THE ANNUAL PROFIT[P]FOR THE ALPHA COMPANY IN TERMS OF T.GRAPH YOUR EQUATION
Answer by stanbon(75887) About Me  (Show Source):
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BETWEEN THE YEARS 1990 AND 2000,THE ANNUAL PROFIT OF THE ALPHA COMPANY INCREASED BY ABOUT $70,000 PER YEAR.IN 1998, THE COMPANY HAD ANNUAL PROFIT OF $2,000,000. WRITE AN EQUATION IN SLOPE INTERCEPT FORM THAT GIVES THE ANNUAL PROFIT[P]FOR THE ALPHA COMPANY IN TERMS OF T.GRAPH YOUR EQUATION
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You have slope and a point:
slope = 70,000
point: (8,2000000)
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Form: y = mx + b
2000000 = 70,000*8 + b
b = 3.57
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EQUATION:
Profit = 70,000(year after 1990) + 3.57
graph%28400%2C300%2C-10%2C10%2C-10%2C2000000%2C560000x%2B3.57%29
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Cheers,
Stan H.