Given:
amount borrowed $6,100
interest rate 6% - assuming annual interest rate
term - 290 days of a 365 day year.
This is a simple interest computation.
Interest = Principal * interest rate * term
Interest = 6,100 * 6% * 290/365
Interest = 290.79
Total payment at the end of the 290 term would be $6,390.79.
Principal + interest → 6,100 + 290.79 = 6,390.79
The difference (-) between 15 and the product (x) of 15 and y
15y - 15
After 12 months, Quynh will have saved $800
Simply follow the pattern shown on the graph.
Month 1: 250
Month 2: 300
Month 3: 350
Month 4: 400
Month 5: 450
Month 6: 500
Month 7: 550
Month 8: 600
Month 9: 650
Month 10: 700
Month 11: 750
Month 12: 800
<span>Y=-2x+1, y=-2/3x+5
X= -3 and Y =7</span>
