Find the amount owed: $12,460 loan at 5.6% interest for 30 months
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
Let
x ----> the number of hours
y ---> the total cost of renting a jet ski in dollars
we know that
The linear equation in slope intercept form is equal to
where
m is the slope or unit rate of the linear equation
b is the y-intercept or initial value
In this problem we have
The slope is equal to
we have the ordered pair (3,265)
substitute in the linear equation
solve for b
----> fee for a lesson on how to use the jet ski
substitute