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.
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Answer:
The loan balance decreases $500 per month.
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B) Harrison makes a monthly payment of $250.
In statement A "The loan balance decreases $500 per month" the equation will be in the form y= x- $500
In statements B and C also, the equation will be like y= x + c
In statement B we can make a graph describing the net balance Harrison's loan per month.
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