Dan Williams took out a simple interest loan at 14.5% interest for 12 months. His previous balance is $119.42. What is the final
2 answers:
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Answer:
8
Step-by-step explanation:
The equation is of the form
y = kx ← k is the constant of proportionality
To find k use the slope formula
k = ( y₂ - y₁ ) / ( x₂ - x₁ )
with (x₁, y₁ ) = (0, 0) and (x₂, y₂ ) = (2, 16) ← 2 points on the line
k = =
= 8