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olga2289 [7]
3 years ago
12

Reese takes out a loan of $43,350 which earns 4% simple interest yearly. How much interest will she owe on the loan after 4 year

s?
$6,936.00

$1,734

$4,335.00

$50,286.00
Mathematics
1 answer:
hammer [34]3 years ago
7 0

Answer:

$6,936.00

Step-by-step explanation:

.04 x $43,350 = $1,734

$1,734 x 4 equals the answer: $6,936.00

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You are given two points in the linear function. At time 0 years, the value is $3000. At time 4 years, the value is $250. This means you have points (0, 3000) and (4, 250). You need to find the equation of the line that passes through those two points.

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