Use the graph to explain the relationship between the fees charged and the dollar amounts advanced?

1 answer

The graph shows a positive linear relationship between the fees charged and the dollar amounts advanced. As the dollar amounts advanced increase, the fees charged also increase proportionally. This means that the fees charged are directly proportional to the dollar amounts advanced.

For example, if the dollar amount advanced is $10,000, the fees charged might be around $500. On the other hand, if the dollar amount advanced increases to $20,000, the fees charged might be around $1,000. Similarly, if the dollar amount advanced is $5,000, the fees charged might be around $250.

In summary, the graph demonstrates that as the dollar amounts advanced increase, the fees charged by the lender also increase, indicating a direct relationship between these two variables.