A small business takes out a loan for $14,000 at 7% simple interest over the course of 4 years. What is the monthly payment?
1 answer:
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Answer:
y - 1 = (x - 2)
Step-by-step explanation:
The equation of a line in point- slope form is
y - b = m(x - a)
where m is the slope and (a, b) a point on the line
Here m = and (a, b) = (2, 1), thus
y - 1 = (x - 2) ← equation of line