Acob deposits $60 into an investment account with an interest rate of 4%, compounded annually. The equation can be used to determine the number of years it takes for Jacob's balance to reach a certain amount of money . Jacob graphs the relationship between time and money. What is the -intercept of Jacob's graph?
If Jacob doesn't deposit any additional money into the account, how much money will he have in eight years? Round your answer to the nearest cent.

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  answer:

  write 548 as 500 + 40 + 8. multiply each addend by 5. then add the three products to get 2,740.

2y+y=5

add 2y and y