Thang decided to borrow $4000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of
7%. How much interest will Thang pay?
2 answers:
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Hi there! :)
First, let's find the slope using this formula:
m=
m=
Now, use the Point-Slope formula:
y-y1=m(x-x1)
y-(-10)=-3/5(x-1)
y+10=-3/5x+3/5
y=-3/5x+3/5-10
y=-3/5x-9.4
Hope this helps..
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