The equation E = 0.7D – 3 can be used to represent the exchange rate and fee that a currency store gives from American dollars, D, to Euros, E. Which statement about the equation is true? The y-intercept is 0.7, and it represents the number of dollars being exchanged.
The y-intercept is –3, and it represents the fee the store charges to exchange money.
The slope is 0.7, and it represents how much you add to the cost in dollars to get the cost in Euros.
The slope is –3, and it represents how many Euros you get for each dollar.