To find the correct slope that models the situation described, we need to understand how the slope of a linear function is calculated. The slope (m) is defined as the change in the y-value (amount of dollars remaining) divided by the change in the x-value (months).
In Barton’s case, he starts with a car loan of $2,625 and makes monthly payments of $175. Each month, the remaining balance decreases by $175. Therefore, the slope (m) would be negative because the balance decreases over time.
Let's evaluate the slope from the given options, but keep in mind that it should reflect a decrease of $175 for every month (a negative increase in the balance).
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m = (2,450 - 2,625) / (0 - 1)
This represents the change in balance from $2,625 to $2,450 after 1 month, which calculates to:
\( m = (-175) / (-1) = 175 \). This is incorrect as the slope should be -175. -
m = (1,050 - 1,225) / (9 - 8)
This represents the change from $1,225 to $1,050 in 1 month (9 to 8). This calculates to:
\( m = (-175) / (1) = -175 \). This is correct. -
m = (9 - 8) / (1,050 - 1,225)
This change doesn't measure what we need. This should be a decrease in balance, so it will lead to an incorrect calculation. -
m = (525 - 700) / (11 - 12)
This does represent a change in balance, but it calculates to:
\( m = (-175) / (-1) = 175 \), again incorrect for the same reason as option 1.
The correct answer representing the slope would be the second option:
m = (1,050 - 1,225) / (9 - 8) indicating a monthly payment reducing the balance by $175.