Question
The Smith family made an $800 down payment and pays $75 a month for new furniture. At the same time the Cooper family made a $500 down payment and pays $95 a month for their new furniture. How many months until the amounts they have paid will be equal? Please help with answer!
Answers
Reiny
What? No interest involved?
So, let the number of months be n
500 + 95n = 800 + 75n
20n = 300
n = 15
check:
500 + 15(95) = 1925
800 + 15(75) = 1925
So, let the number of months be n
500 + 95n = 800 + 75n
20n = 300
n = 15
check:
500 + 15(95) = 1925
800 + 15(75) = 1925