Assignment:
Direct deposit. The percentage of workers receiving direct deposit of their paychecks went from 32% in 1994 to 60% in 2004 (www.directdeposit.com). Let 1994 be year 0 and 2004 be year 10.
a) Write the equation of the line through (0, 32) and (10, 60) to model the growth of direct deposit.
b) Use the accompanying graph to predict the year in which 100% of all workers will receive direct deposit of their paychecks.
c) Use the equation from part (a) to predict the year in which 100% of all workers will receive direct deposit.
Provide complete and step by step solution for the question and show calculations and use formulas.