Question
The loan amount is a function of time and can be represented by the line of best fit y=15,413−1,635x
𝑦
=
15
,
413
−
1
,
635
𝑥
, 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.
𝑦
=
15
,
413
−
1
,
635
𝑥
, 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.
Answers
GPT-4o mini
To determine the loan amount remaining after 9 years using the provided line of best fit equation \( y = 15,413 - 1,635x \), we need to substitute \( x = 9 \) into the equation.
\[
y = 15,413 - 1,635(9)
\]
Calculating the value:
\[
y = 15,413 - 14,715
\]
\[
y = 698
\]
Thus, the amount left on the loan after 9 years is **$698**.
\[
y = 15,413 - 1,635(9)
\]
Calculating the value:
\[
y = 15,413 - 14,715
\]
\[
y = 698
\]
Thus, the amount left on the loan after 9 years is **$698**.