The points (250,000, 1750) and (100,000, 700) are on the graph of a linear function. The points show a relationship between the monthly payment on a mortgage and the amount of the mortgage. Find the slope of the line between the two points and write a sentence to tell about the meaning on the slope for this problem
The points (250,000, 1750) and (100,000, 700) are on the graph of a linear function. The points show a relationship between the monthly payment on a mortgage and the amount of the mortgage. Find the slope of the line between the two points and write a sentence to tell about the meaning on the slope for this problem
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
The points (250,000, 1750) and (100,000, 700) are on the graph of a linear function. The points show a relationship between the monthly payment on a mortgage and the amount of the mortgage. Find the slope of the line between the two points and write a sentence to tell about the meaning on the slope for this problem.
Expert Solution
Step 1: slope of the line which passes through two points
Let two points
Slope of the line passing through above two points is given as follows
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