the equation v = 23.8 + 3.2x gives the value (in thousands of dollars) of an investment after x months…

the equation v = 23.8 + 3.2x gives the value (in thousands of dollars) of an investment after x months. interpret the slope in this situation. the value of this investment is increasing at a rate of 3.2 dollars per month.

the equation v = 23.8 + 3.2x gives the value (in thousands of dollars) of an investment after x months. interpret the slope in this situation. the value of this investment is increasing at a rate of 3.2 dollars per month.

Answer

Explanation:

Step1: Identify the slope - intercept form

The equation of a line is $y = mx + b$, where $m$ is the slope. In the given equation $V = 23.8+3.2x$, $m = 3.2$.

Step2: Interpret the slope

The slope represents the rate of change. Here, $V$ is the value of the investment (in thousands of dollars) and $x$ is the number of months. So the investment value changes by 3.2 thousand dollars per month.

Answer:

The value of this investment is increasing at a rate of 3200 dollars per month.