Y = 15, 413 - 1, 635x where X is the number of years how much is left on the loan after 9 years

Answer 1

To find how much is left on the loan after 9 years using the equation \( Y = 15,413 - 1,635x \), where \( x \) is the number of years:

1. Plug in \( x = 9 \) into the equation:

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

2. First, calculate \( 1,635 \times 9 \):

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

3. Now substitute that back into the equation:

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

4. Finally, calculate \( Y \):

\[ Y = 698 \]

Thus, after 9 years, there is $698 left on the loan.