16. [ J Jon borrowed money from his cousin to pay for some expenses. The graph below shows the balance of the loan as it is paid off over time. Answer the questions that follow based on the graph....

Extracted text: 16. [ J Jon borrowed money from his cousin to pay for some expenses. The graph below shows the balance of the loan as it is paid off over time. Answer the questions that follow based on the graph. 1,400 - 1,200 1,000 800 600 400 200 15 30 45 60 75 90 105 120 135 150 Months (A) Which of the following responses describes the situation that the graph is modeling? Circle your answer. () A loan of $1300 is paid off at a rate of $150 per month (11) A loan of $1300 is paid off at a rate of $100 per month (iii) A loan of $1300 is paid off at a rate of $130 per month (iv) A loan of $1300 is paid off at a rate of $10 per month (v) A loan of $1300 is paid off at a rate of $15 per month (B) Which of the following statements corectly describes the horizontal intercept? Circle your answer. (1) The horizontal intercept is the monthly payment (11) The horizontal intercept is the number of months to pay off the loan (ii1) The horizontal intercept is the original amount of the loan (iv) There is no horizontal intercept (C) Jon writes a linear equation to model the amount he still owes (called A) his cousin over time (using m for months). Which of the following equations did Jon create to calculate the balance of the loan? O A 1300 13 (i1) A 1300 150m (i) A 1300 m (iv) A 1900 (v) A 1300 100m 10m Loan Balance (S)