If you take out a loan that costs $561 60 over eight years at an interest rate of 9% how much was the loan for?

The loan was $28184.81

Step-by-step explanation:

Let the loan amount be x

Rate of interest on Loan = 9%

Time = 8 years

Amount of loan over 8 years = $56160

Formula :

Where A = Amount =56160

P = Principal = x

r = rate of interest = 9% = 0.09

t = time = 8 years

Substitute the values in the formula :

So,

$28184.81=x

Hence The loan was $28184.81

step-by-step explanation:

step-by-step explanation:

i think something is missing in your question because y-1=(x-12) would not pass through the point (-4,-3). because if you replace x by -4 your are supposed to find y=-3 which is not the case her. if you replace x by -4 you find =-15.

i assume the right equation is y-1=1/4*(x-12) because this one is passing through both your points (if you are interested to know how i found that out i can tell you).

in this equation if i replace x by -4 i find y=-3 and if i replace x by 12, i find y=1 so the line representing this equation is passing through those 2 points.

then the standard form of the equation is finding an expression of y in function of x

y-1=1/4*(x-12)

y=x/4-3+1

y=x/4-2

hope that .

do you confirm there was a mistake in the question?