The loan amount is a function of time and can be represented by the line of best fit y=15,413−1,635x

, 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

1 answer

To find the loan amount after 9 years using the given equation of the line of best fit \( y = 15,413 - 1,635x \), we need to substitute \( x = 9 \) into the equation.

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

Calculating \( 1,635 \times 9 \):

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

Now, substitute this back into the equation:

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

\[ y = 698 \]

So, the loan amount left after 9 years is \( \text{$698} \).

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