Step 1 :The equation of the line is given in the slope-intercept form, which is \(y = mx + b\), where \(m\) is the slope and \(b\) is the y-intercept. So, by comparing the given equation with the slope-intercept form, we can directly read off the slope and the y-intercept.
Step 2 :slope = 5
Step 3 :y_intercept = 3
Step 4 :Final Answer: The slope of the line is \(\boxed{5}\) and the $y$-intercept is \(\boxed{3}\).