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16 May, 19:02

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

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  1. 16 May, 19:11
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    I assume the function is y = 7500 (0.97) ^x. The y-intercept is 7500 and it represents when the account is still active or have been inactive for 0 years.
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