To find the slope of the line that represents the remaining balance on the car loan after each monthly payment, we can use the slope formula:
\[ m = \frac{y_2 - y_1}{x_2 - x_1} \]
In this situation, the start point is (0, 2625) and the end point is (15, 0).
Therefore, we can define our points as follows:
- Point 1: \((x_1, y_1) = (0, 2625)\)
- Point 2: \((x_2, y_2) = (15, 0)\)
Now, we will calculate the slope:
\[ m = \frac{0 - 2625}{15 - 0} = \frac{-2625}{15} = -175 \]
Now, let's analyze the provided options to see which one correctly represents the slope:
- \(m = \frac{9 - 8}{1,050 - 1,225}\)
- \(m = \frac{525 - 700}{11 - 12}\)
- \(m = \frac{2,450 - 2,625}{0 - 1}\)
- \(m = \frac{1,050 - 1,225}{9 - 8}\)
Now let's check the slopes in the options, aiming for \(m = -175\).
- \(m = \frac{1}{-175} = -0.0057\) (Not a match)
- \(m = \frac{-175}{-1} = 175\) (Not a match)
- \(m = \frac{-175}{-1} = 175\) (Not a match)
- \(m = \frac{-175}{1} = -175\) (This matches our calculated slope)
Thus, the correct response that models the appropriate slope is:
Option 4: \(m = \frac{1,050 - 1,225}{9 - 8}\)