Answer:
7000
Explanation:
Given the equation :
L=-250t+7000
L = amount owed after t months of repayment.
From the equation given, we could deduce that it is a linear equation of the form :
y = bx + c
Where, b = - 250 is the slope = fixed amount paid per month and it's negative because the amount owed will reduce with each payment made.
c = intercept, which is the value of L when t = 0
This will give amount borrowed :
L=-250t+7000
At t = 0
L = - 250(0) + 7000
L = 7000