35 ( I’ve done this question before, this is the right answer ! )
the slope of the line is y = -1/2x -2
<3
Answer:
8%
Step-by-step explanation:
The amount repaid is ...
A = P(1 +rt)
Filling in the given values, we can find r.
(18·28) = 450(1 +r(18/12)) . . . . . t is in years
504 = 450 + 675t
54/675 = 0.08 = 8%
The simple interest rate on the loan is 8%.
