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Line Equations from a Word Problems

Sue owens her brother $8000 and agrees to pay $250 a month until it is paid off. Let A represent the amount owed(in dollars) and let N represent the number of payments made. Write an equation relating A to N and then graph your equation using the the Y axis as A with a scale of 1000 to 8000 and the x axis represents N with a scale of 1-7. I beieve the equation is A=250N-8000 is that correct? Please show how to arrive at the solution and indicate the points graphed.

Solution Summary

A lne equation is found from a word problem.