Question

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

Answer:

The loan balance decreases $250 per month

Step-by-step explanation:

Months Loan Balance

0    7000

2    6500

4    6000

26    500

$500  loan balance is decreasing every two months

=> The loan balance decreases $250 per month

Harrison makes a monthly payment of $250 is true only if interest is not considered.

Answer 2

A

decreases $500 per month