If the Equation of a Nonvertical Line Is Written in Slope-Intercept

question 129

True/False

If the equation of a nonvertical line is written in slope-intercept form, the coefficient of x is the slope of the line, and the constant term is the y intercept.

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Definitions:

Principal Investment

The original amount of money invested or loaned, on which basis interest and returns are calculated.

GIC

Stands for Guaranteed Investment Certificate, a secure investment that promises to return your principal plus interest.

Investment Savings

Funds set aside in financial instruments or accounts with the goal of generating income or profit over time.

Simple Interest

Interest earned only on the original principal amount, without compounding.