A $1,500 loan has an annual interest rate of 4 1/2 on the amount borrowed.how much time has elapsed if the interest is now $127.
1 answer:
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Answer:
(y-24)=-7(x+4)
Step-by-step explanation:
To write the equation of a line we must have a slope and a point. To find the slope we use the slope formula and substitute (x,y) points in it as shown below:
Now that we have the slope, plug in the slope and choose one point to plug into the point slope formula. Use the point-slope form to write the equation, then simplify and convert into the slope intercept form.
(y-24)=-7(x--4)
(y-24)=-7(x+4)