The loan amount is a function of time and can be represented by the line of best fit y=15,413−1,635x

Question

, where x is the number of years. How much is left on the loan after 9 years?(1 point)
The loan amount is $
after 9 years.

Answer 1

To find the remaining loan amount after 9 years using the equation of the line of best fit \( y = 15413 - 1635x \), we'll substitute \( x = 9 \) into the equation.

\[ y = 15413 - 1635(9) \]

Calculating the value:

\[ y = 15413 - 1635 \times 9 \] \[ y = 15413 - 14715 \] \[ y = 698 \]

Therefore, the loan amount left after 9 years is $698.