Given the following graph, you will answer several questions…
Given the following graph, you will answer several questions. Type your answer in the space below. Riley borrows $300 from her parents to buy a new tablet. She makes the same payment each month as shown in the graph below. Let y = the balance she owes her parents and x= the number of months she makes a payment on the loan. What is the y intercept of this line and what does it represent in terms of this problem? Answer as an ordered pair. Type both answers into the answer box below.
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