Question9. The graph models the linear relationship between the number of monthly payments made on a loan and the remaining balance in dollars left to pay on the loan.
Loan
Which statement describes the -intercept of the graph?
The -intercept is 27,000 , which represents the
number of monthly payments needed to repay the loan.
The -intercept is 27,000 , which represents the initial balance in dollars of the loan.
The -intercept is 60 , which represents the initial balance in dollars of the loan.
The -intercept is 60 , which represents the number of monthly payments needed to repay the loan.
Studdy Solution
STEP 1
What is this asking? What does the -intercept of this graph tell us about the loan? Watch out! Don't mix up the meaning of the -intercept and the -intercept!
STEP 2
1. Understand the x-intercept
2. Relate to the loan
STEP 3
The **-intercept** is where the graph crosses the -axis.
This happens when the -value (in this case, the remaining balance) is **zero**.
STEP 4
Looking at the graph, the line crosses the -axis at .
So, the -intercept is **60**.
STEP 5
The -axis represents the number of monthly payments.
The -axis represents the remaining balance.
STEP 6
Since the -intercept occurs when the remaining balance is zero, it means the loan is fully paid off!
STEP 7
Therefore, the -intercept of **60** represents the number of monthly payments needed to repay the loan.
STEP 8
The -intercept is 60, which represents the number of monthly payments needed to repay the loan.
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