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.
Remaining Attempts : 3

Answer 1

To find the remaining loan amount after 9 years, we can substitute \( x = 9 \) into the equation \( y = 15,413 - 1,635x \).

Calculating this:

\[ y = 15,413 - 1,635(9) \]

First, multiply \( 1,635 \) by \( 9 \):

\[ 1,635 \times 9 = 14,715 \]

Now substitute this back into the equation:

\[ y = 15,413 - 14,715 \]

Now, perform the subtraction:

\[ y = 698 \]

Thus, the remaining loan amount after 9 years is $698.