Question

NEED HELP ASAP TIMED

The scatter plot shows the balance of a loan over the course of two years. Assuming the line of best fit for the given scatterplot is y = -353.71x + 18,075, after how many months will the balance of the loan reach $0?
A.
32 months
B.
35 months
C.
47 months
D.
51 months
E.
63 months

Answer 1

After approximately 51 months, the balance of the loan will reach $0.

Step-by-step explanation:

The equation given for the line of best fit is y = -353.71x + 18,075.

To find out after how many months the balance of the loan will reach $0, we need to set y (the balance) equal to 0 and solve for x (months).

So, 0 = -353.71x + 18,075.

Simplifying the equation, we get:

x = (18,075)/353.71 ≈ 51 months.

Therefore, after approximately 51 months, the balance of the loan will reach $0.

Answer 2

To find out after how many months the balance of the loan will reach $0, you can set up the equation:

0 = -353.71x + 18,075

Now, solve for x (the number of months):

353.71x = 18,075

x = 18,075 / 353.71

x ≈ 51

So, after approximately 51 months, the balance of the loan will reach $0. Therefore, the answer is:

D. 51 months