the graph of the function models simple interest growth. what is the annual increase in the total account…

the graph of the function models simple interest growth. what is the annual increase in the total account balance? $115.50 $110.00 $11.00 $5.50
Answer
Explanation:
Step1: Recall slope - formula for linear growth
The graph represents a linear function for simple - interest growth. The annual increase is the slope of the line. The slope formula is $m=\frac{y_2 - y_1}{x_2 - x_1}$, where $(x_1,y_1)$ and $(x_2,y_2)$ are two points on the line.
Step2: Select two points
Let's take the points $(0,110)$ and $(1,115.5)$. Here, $x_1 = 0$, $y_1=110$, $x_2 = 1$, and $y_2 = 115.5$.
Step3: Calculate the slope
Substitute the values into the slope formula: $m=\frac{115.5 - 110}{1-0}=\frac{5.5}{1}=5.5$.
Answer:
$5.50$