SOLUTION: You use the following model to determine the amount owed on a loan of $5,000 with simple interest of 4.25%. The model is given by A = 5000 + 5000(0.0425t), where A is the Amount (t

Question 1009784: You use the following model to determine the amount owed on a loan of $5,000 with simple interest of 4.25%. The model is given by A = 5000 + 5000(0.0425t), where A is the Amount (total principal plus interest) required to repay a loan, and t is the time, in years. What is the slope of this model? And how long it will take for the loan to reach $7000?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

This is in the form
where is the slope

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yrs
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