The annual interest rate on a 15-year mortgage on a house assessed at a value
Of $450 000 is 5 cents on every $1 What
is the interest paid on the mortgage for the
first year?

The amount of interest paid is $22,500

Step-by-step explanation:

Firstly, we need the number of $1 in $450,000

That would simply be $450,000/$1 = 450,000

5 cents is same as 5/100 = $0.05

so we have to multiply 450,000 by 0.05

we have this as;

450,000 * $0.05 = $22,500

step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is

27

step-by-step explanation: