The equation formula is y - y1 = m(x-x1)
Using the first point for x1, y1:
Y +13 = m(x-15)
M is the slope which is the change in y over the change in x:
M = -11–13 / 16-15 = 2/1 = 2
The equation becomes y +13 =2(x+15)
The answer is:
He incorrectly wrote the slope in his equation. He should have written y+13=2(x−15).
3600 * 1 * 0.085 = 306
answer: interest would be $306
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