To interpret the y-intercept and slope in the context of the given situation:
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y-intercept: The y-intercept represents the initial amount in the savings account before any deposits are made. In this case, the y-intercept is $300.
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slope: The slope refers to the rate of change, which in this context is the amount of money deposited into the savings account each month. Since $50 is deposited every month, the slope is $50 every month.
Putting it all together:
- The y-intercept is $300.
- The slope is $50 every month.