Melvin took out a loan at a 5.6% apr, compounded monthly, to buy a clothes dryer, and he is making monthly payments to pay off the loan which of these interest rates would have allowed melvin to pay off the loan faster

the correct answer is option c.   3

step-by-step explanation:

points to remember

equation of the line with coordinates (x₁, y₁) and (x₂, y₂) is given by,

slope m = (y₂ - y₁)/(x₂ - x₁)

from the figure we can see a line with two coordinates given

to find the slope of given line

here   (x₁, y₁)   = (-1, -1 ) and (x₂, y₂) = (1, 5)

slope m = (y₂ - y₁)/(x₂ - x₁)

  = (5 - -1)/(1 - -1)

  = (5 + 1)/(1 + 1)

  = 6/2 = 3

therefore the correct answer is option c.   3

step-by-step explanation:

see if this :