Using the formula y=200+50x, plug in x=1 to get y=250.
I think i figured it out so it’s 0.37 :))))))))
Answer:
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<span>Katie has a loan balance of ----------------$5,000
</span>interest-------------------------------------------<span>$675
years----------------------------------------------3
if
</span>$5,000---------------------100%
$675-------------------------X% X=675*100/5000
X=13.5% total interest 3 years
one year----------13.5/3=4.5% per year
Chris has a loan balance of ----------------$2,500
interest-------------------------------------------$625
years----------------------------------------------5
if
$2,500---------------------100%
$625-------------------------X% X=625*100/2500
X=25% total interest 5 years
one year----------25/5= 5% per year
a) Chris is paying the highest interest rate ----------5% per year
b) The difference is (5%-4.5%)= 0.5%
