Please help with this problem
1 answer:
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Answer:
E. 5
Step-by-step explanation:
Let's rewrite the equation in the form of y=mx+b, where m is the slope and b is the y-intercept (the value of y when x = 0).
2x + y = 5
y = -2x+5
M, the slope, is -2
<u>5, b, is the y-intercept</u>
See attached graph.
Answer:
15.84%
Step-by-step explanation:
There is no formula that will tell you the interest rate. It must be computed iteratively or found graphically. A financial calculator can do the work for you.
The parameters this one uses are
- number of payments (24)
- the amount financed (1925 -125 = 1800)
- the monthly payment, negative because it is being paid (-88.00)
- the remaining balance after all payments (0)
- the number of payments per year (monthly = 12)
- the number of times per year interest is compounded (monthly = 12)
