Gad is graduating from college in six months, but he will need a loan in the amount of $8,375 for his last semester. He may either receive an unsubsidized Stafford Loan with an interest rate of 6.8%,
compounded monthly, or his parents may get a PLUS Loan with an interest rate of 7.8%, compounded
monthly. The Stafford Loan has a grace period of six months from the time of graduation. Which loan will
have a higher balance at the time of repayment and by how much?

answer: yes, since the line has a steeper rate of change than the exponential the y-values will be greater and they will only intersect one time.

no solution exists the way you wrote the equation.

b: y = 2x + 2

step-by-step explanation:

y = 2x + 1

we want a line that is parallel, so it will have the same slope

the line is in the form y= mx+b, so the slope is 2

we have a slope and the y intercept (0,2)

since x is 0 we know the y point which is the y intercept

we can use y= mx+b to write the equation of the line

m is the slope and b is the y intercept

y = 2x +2