Question

The graph represents the balance on Harrison’s car loan in the months since purchasing the car.

A coordinate plane showing Car Loan Payments. The x-axis shows Months since Purchase and the y-axis shows Loan Balance in dollars. There is a straight line that starts at (0, 7,000) and passes through (2, 6,500), (4, 6,000), and (26, 500).
Which statement describes the slope of the line?

The loan balance decreases $500 per month.
Harrison makes a monthly payment of $250.
The loan balance increases $250 per month.
Harrison increases his monthly payment by $500 each month.

Answer 1

Slope = (6000 − 7000)/(4 − 0) = −1000/4 = −250, so the balance drops $250 each month. The correct statement is: "Harrison makes a monthly payment of $250."