1 ) the formula used to calculate the simple interest is
I = Ci*n, f his formula you obtain n , that is the time in years n = I/ Ci, where c is the initial capital, i is the earned interest , and i is he rate of interest,
n = 120/600 (0,025) = 120 / 15 = 8 , at 8 years, you will obtain $ 120 of INTEREST
Point I think is the anwser
The slope, if increased, would make the line y=2x-7 steeper. If you were to increase the y intercept, you would just move the line, not tilt it. Suggest changing it to 4x-7 = y or 8x-7= y, if you increase the slope, it'll make it steeper.