Question

George needs money to buy a motor scooter. he borrows $1000 from his favorite aunt who has agreed not to charge him interest. he agrees to pay $50 per month. in a regression model to represent his outstanding debt, the value of the slope will be $____.

Answer 1

Answer:

The appropriate solution will be "$50".

Explanation:

The given values are:

Money he borrows

= $1000

Every months he pay

= $50

That would be, whenever his debt seems to be

= $x × 1000

At the end of the month, the amount he should pay is:

= $(x\times 1000+x\times 50)$

So,

The values of the slope become $50.