From 1980 to 2008, the number of federally insured banks could be approximated by B(t)=-328.2t+13716 where t is the year and t=0 corresponds to 1980.
How many federally insured banks were there in 1985?
Find the slope of the graph of B.
Interpret this slope as a rate of change. Choose the correct answer below.
The number of banks increased by 13716 banks per year
The number of banks decreased by 12075 banks per year
The number of banks increased by 328.2 banks per year
The number of banks increased by 12075 banks per year
The number of banks decreased by 328.2 banks per year
The number of banks decreased by 13716 banks per year
Find the y-intercept of the graph of B.
The y-intercept is
Interpret the y-intercept. Choose the correct answer below.
The y-intercept is the number of banks in 1985
The y-intercept is the maximum number of banks allowed in the country
The y-intercept is the minimum number of banks allowed in the country
The y-intercept is the number of banks in 2008
The y-intercept is the number of banks in 1980