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2 votes
5. The balance on a $6000 loan is reduced by each monthly payment. If the payment is $250 per month, the formula for figuring the balance is: balance = 6000 - 250m, where m is the number of months. Which of the following is the graph of that formula?

5. The balance on a $6000 loan is reduced by each monthly payment. If the payment-example-1

1 Answer

4 votes

\text{The graph is number 2, because the amount is reducing every month }

answered
User Caty
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