Five people bought tickets for the school play for a total of $65.75. If each ticket was the same price, how much was the cost o
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The equation of the line is
<u>Step-by-step explanation:</u>
- The line passes through the point (2,-4).
- The line has the slope of 3/5.
To find the equation of the line passing through a point and given its slope, the slope-intercept form is used to find its equation.
<u>The equation of the line when a point and slope is given :</u>
⇒
where,
- m is the slope of the line.
- (x1,y1) is the point (2.-4) in which the line passes through.
Therefore, the equation of the line can be framed by,
⇒
⇒
Take the denominator 5 to the left side of the equation.
⇒
Now, multiply the number outside the bracket to each term inside the bracket.
⇒
⇒
Divide by 5 on both sides of the equation,
⇒
Therefore, the equation of the line is
The APR on the loan will be $13. The APR is found by the standard formula. It is calculated annually.
<h3>What is APR? </h3>APR is an annualized cost indication for a loan that includes all costs.
Suppose there is an initial amount as P. The interest, or say charge on it, is applied annually as 'C' amount.
The given data in the problem is;
Loan payment = $400
Fees = $52
APR=?
The value of the APR is found as;
Hence, the APR on the loan will be $13.
To learn more about the APR, refer to the link;
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