Line L in the figure below is parallel to the line y=5x+3. Find the coordinates of the point P.

keeping in mind that parallel lines have exactly the same slope, let's check for the slope of the equation above
[tex]y=\stackrel{\stackrel{m}{\downarrow }}{5}x+3\qquad \impliedby \begin{array}{|c|ll} \cline{1-1} slope-intercept~form\\ \cline{1-1} \\ y=\underset{y-intercept}{\stackrel{slope\qquad }{\stackrel{\downarrow }{m}x+\underset{\uparrow }{b}}} \\\\ \cline{1-1} \end{array}[/tex]
that means that the slope of line L is also 5, or 5/1 or [tex]slope=\cfrac{\stackrel{rise}{5}}{\underset{run}{1}}[/tex]
Check the picture below.