Answer
$y=\dfrac{1}{4}x+3$
Work Step by Step
Using $y-y_1=m(x-x_1)$ or the Point-Slope form where $m$ is the slope and $(x_1,y_1)$ is a point on the line, then the equation of the line with the given slope equal to $
\dfrac{1}{4}
$ and with the given point $\left(
0,3
\right)$ is
\begin{array}{l}
y-3=\dfrac{1}{4}(x-0)
\\\\
y-3=\dfrac{1}{4}x
\\\\
y=\dfrac{1}{4}x+3
.\end{array}