The bank agrees to give you a loan of $7,000 with 1% simple interest over 2 years. How much will your monthly payments be?
1 answer:
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Answer:
slope = -
Step-by-step explanation:
Calculate the slope m using the slope formula
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (- 9, - 4) and (x₂, y₂ ) = (- 3, - 6)
m = =
= -