the graph represents the balance on harrisons car loan in the months since purchasing the car. which…

the graph represents the balance on harrisons car loan in the months since purchasing the car. which statement describes the slope of the line? the loan balance decreases $500 per month. harrison makes a monthly payment of $250. the loan balance increases $250 per month. harrison increases his monthly payment by $500 each month. car loan payments

the graph represents the balance on harrisons car loan in the months since purchasing the car. which statement describes the slope of the line? the loan balance decreases $500 per month. harrison makes a monthly payment of $250. the loan balance increases $250 per month. harrison increases his monthly payment by $500 each month. car loan payments

Answer

Answer:

The loan balance decreases $250 per month.

Explanation:

Step1: Identify slope concept

Slope represents rate of change.

Step2: Analyze graph

Loan balance starts high and goes down over months.

Step3: Calculate rate of change

From graph, in 24 months, balance drops from $7000 to $1000. Change in balance is $7000 - 1000=6000$. Rate of change per month is $\frac{6000}{24}=250$. So loan balance decreases $250 per month.