Answer: Our required equation will be
y-80x=65
Step-by-step explanation:
Since we have given that
Number of days Max rented a motorbike at $465 = 5 days
Number of days Max rented a motorbike at $625 = 7 days
According to question, we'll use " Equation of line using two points "
Hence, our required equation will be
y-80x=65
Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
