A Linear Equation Is Expressed by Which of the Following $\frac{\text{Ax} }{\text{b}}$

question 5

Multiple Choice

A linear equation is expressed by which of the following:

• A) Y = a + bx
• B) Y = a² + bx
• C) Y = Ax(b)
• D) Y = \( \frac{\text{Ax} }{\text{b}} \)

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Definitions:

Amortized

The process of spreading out a loan into a series of fixed payments over time, covering both principal and interest.

Outstanding Principal

The portion of a loan amount that has not yet been repaid to the lender.

Principal Repayment

The process of paying back the original amount of money borrowed, excluding interest, in a loan or bond.

Fixed-Rate Mortgage

A mortgage loan that has a fixed interest rate for the entire term of the loan, protecting borrowers from rising interest rates.