Algebra
OpenStudy (anonymous):

The amount of interest charged on a loan is directly proportional to the amount of money borrowed . Marcus paid %50 in interest on a \$600 loan he borrowed to pay for his car . If x represents the amount of the loan and y represents the interest owed , what is the ratio that is used for the direct variation ? Explain how you found this .

OpenStudy (tkhunny):

Well, do it. "The amount of interest charged on a loan is directly proportional to the amount of money borrowed " This means: (Interest Charged) = k*(Amount Borrowed) Now, follow the instructions and answer the question.

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