Explanation:
The instructor had saved $3,500 and rents an apartment for $275 monthly. The slope-intercept form of the above scenario is :
y=-275x+3500
The instructor belives that the point (6, 1850) would be on the equation of the line. Put y = 1850 and x = 6 in the above equation. So,
1850=-275(6)+3500
1850=1850
LHS=RHS
It means that the point (6,1850) lies on the line. Hence, he was correct.