You discount a 6 month noninterest bearing note for $3000 at a bank at 14% what true rate of interest to the nearest tenth percent do you pay

Distance=slopeslope is -2/4which equals-1/2the distance between these two points is -1/2

(6,1)(5,4)slope = (4 - 1) / (5 - 6) = 3/-1 = -3y = mx + bslope(m) = -3use either of ur , = 6 and y = 1now sub and find b, the y int1 = -3(6) + b1 = -18 + b1 + 18 = b19 = bso ur equation is : y = -3x + we need it in standard formy = -3x + 3x to both sides3x + y = 19 < == standard form