Understanding Graph Features in Loan Repayment

The video tutorial explains how Flynn's loan repayment is represented on a graph. It covers the significance of the slope, x-intercept, and y-intercept in understanding the repayment process. The slope indicates the rate of repayment, while the x-intercept shows the time taken to repay the loan. The y-intercept reveals the initial loan amount. The tutorial guides viewers through identifying these features and understanding their implications in the context of the graph.

What does the graph represent in Flynn's loan scenario?

• The relationship between time and interest rate.

• The relationship between time and money owed.

• The relationship between money owed and interest rate.

• The relationship between time and loan amount.

What does the slope of the graph indicate?

• The time taken to repay the loan.

• The initial amount owed.

• The rate at which the loan is repaid.

• The total amount of loan.

If the slope of the graph is constant, what does it imply?

• The repayment rate is variable.

• The loan amount is increasing.

• The repayment rate is constant.

• The loan is not being repaid.

What does the x-intercept of the graph tell us?

• The initial loan amount.

• The time when the loan is fully repaid.

• The interest rate of the loan.

• The total amount repaid.

How long did it take Flynn to repay the loan?

• Five weeks

• Four weeks

• Three weeks

• Two weeks

What does the y-intercept of the graph represent?

• The final amount owed.

• The initial amount owed.

• The interest rate.

• The time taken to repay the loan.

At time t = 0, how much did Flynn owe?

• $25

• $20

• $15

• $10

Which feature of the graph is not useful for determining the repayment duration?

• None of the above

• Y-intercept

• X-intercept

• Slope

Which feature of the graph helps in understanding the initial loan amount?

• None of the above

• Y-intercept

• X-intercept

• Slope

Which option was ruled out for determining the loan repayment duration?

• None of the above

• Y-intercept

• X-intercept

• Slope