Write an equation in the form y = a(b)x to model the situations below: a) Josephine opens a new savings account with Scotiabank that earns /2 0.0625% monthly interest. Josephine deposits $225.00 into this account on the first day of the first month. b) Harold purchases a brand new vehicle for $39,525. According to recent /2 data from Black Book this vehicle will depreciate 20% of its original value after the first year.

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A: slope intercept form

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A: The solution is given in the next step.

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.