The simple interest formula<span> allows us to calculate I, which is the </span>interest<span> earned or charged on a loan. According to this </span>formula<span>, the amount of </span>interest<span> is given by I = Prt, where P is the principal, r is the annual </span>interest<span> rate in decimal form, and t is the loan period expressed in years.
I = Prt
I = 5500 (8) (0.025) = 1100 <----second option</span>
Find the slope using the formula [ y2-y1/x2-x1 ].
-9-(-12)/-15-(-24)
3/9
1/3
Find the y-intercept using the formula [ y = mx + b ].
y = 1/3x + b
-12 = 1/3(-24) + b
-12 = -8 + b
-4 = b
Use (18, 2) to see if the line passes through it
y = 1/3x - 4
2 = 1/3(18) - 4
2 = 6 - 4
2 = 2 TRUE
Thus, the line does pass through (18, 2).
Best of Luck!
