Asked by math
A college student receives an interest-free loan of $10,200 from a relative. The student will repay $200 per month until the loan is paid off.
a) Express the amount P (in dollars) remaining to be paid in terms of time t (in months). (Give your answer in slope-intercept form.)
b) After how many months will the student owe $5000?
a) Express the amount P (in dollars) remaining to be paid in terms of time t (in months). (Give your answer in slope-intercept form.)
b) After how many months will the student owe $5000?
Answers
Answered by
Bosnian
a)
P(t) = 10,200 - 200 t
P(t) = - 200 t + 10,200
b)
Replace P(t) = 5,000 in this equation
5,000 = - 200 t + 10,200
t = 26 months
P(t) = 10,200 - 200 t
P(t) = - 200 t + 10,200
b)
Replace P(t) = 5,000 in this equation
5,000 = - 200 t + 10,200
t = 26 months
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.