Answer:
Car loans, amortized monthly, and retailer installment loans, also calculated monthly, are examples of simple interest; as the loan balance dips with each monthly payment, so does the interest. Certificates of deposit (CDs) pay a specific amount in interest on a set date, representing simple interest
The answer for this question is Y=3x+1
Original is the whole = 5/5
After reduction is 2/5
2/5 =0.4 = 40%
Draw a rectangle.
Divide it in 5 parts
Shade 2 parts.
This is the new dimension 2/5 or 40%
