Find the repayment $5000 loaned for 4 years at 6% interest p.a What is the total amount What will be the monthly repayments?
1 answer:
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Answer:
Step-by-step explanation:
Step 1. Find the slope (by using the slope-formula)
m = slope
Step 2. Create the equation of a line that has a slope of
Step 3. Find the y-intercept
To do this, use any of the two points and substitute their x and y values
point:
Step 4. Write the equation in Slope-intercept form