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
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!
1 answer