You are borrowing $1,575 to purchase a washer and dryer using a 36 month installment plan. Determine the annual percentage rate
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Answer:
The equation of line can be written as,
y = mx + c
where, m is slope
and c is intercept of line.
Now, Suppose we have equation: ax + by + c = 0
So, transforming the given equation in above standard equation.
⇒ by = -ax - c
⇒
Now comparing this equation with standard equation. We get,
and
Hence, Intercept = for line ax + by + c = 0.