commercial banks---- from1987 to 1997 the numbersof ferderally insured comm bank

Question

commercial banks----   from1987 to 1997 the numbersof ferderally insured comm banks could be modeled by  N(t)= 458t + 923,769,where t is the year. a) estimate the number of commercial banks in 1987 and1997 b)what is the slope of the graph of N ? Interpret theslope. can you help me with a) and b)--show me the slope..i know itssome kind of   U shape slope on a grapgh withnumber Thank you so much! commercial banks----   from1987 to 1997 the numbersof ferderally insured comm banks could be modeled by  N(t)= 458t + 923,769,where t is the year. a) estimate the number of commercial banks in 1987 and1997 b)what is the slope of the graph of N ? Interpret theslope. can you help me with a) and b)--show me the slope..i know itssome kind of   U shape slope on a grapgh withnumber Thank you so much!

Explanation / Answer

   N(t) = 458 (11) + 923,769 = 5038 + 923,769= 928,807 commercial banks b) since this is a linear function, coefficient of t =slope of the line    If y = mx + b, then m = slope    For this equation, slope = 458      

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