SOLUTION: The balance of a loan is $2,570 in January, and the monthly payment is $125.50. The relationship between the loan balance, y, and the number of monthly payments made since January,

Algebra.Com
Question 1123449: The balance of a loan is $2,570 in January, and the monthly payment is $125.50. The relationship between the loan balance, y, and the number of monthly payments made since January, x, can be represented by the equation y = 2,570 - 125.50x. In what months does the loan balance, y, meet the condition, $1,600 < y < $2,000?
Answer by Theo(13342)   (Show Source): You can put this solution on YOUR website!
your equation is y = 2570 - 125.5 * x

you want to know when 1600 < y < 2000

since y = 2570 - 125.5 * x, then you can replace y with 2570 - 125.5 * x and you then want to know when 1600 < 2570 - 125.5 * x < 2000

subtract 2570 from all sides of this inequality to get:

1600 - 2570 < -125.5 * x < 2570 - 2000

multiply all sides of this inequality by -1 to get:

-(1600 - 2570 > 125.5 * x > -(2570 - 2000)

simplify to get 970 > 125.5 * x > 570

divide all sides of this inequality by 125.5 to get 970 / 125.5 > x > 570 / 125.5

simplify to get 7.729083665 > x > 4.541832669

your answer will be somewhere between 4 and 8.

when x = 4, y = 2570 - 125.5 * x = 2068
when x = 5, y = 2570 - 125.5 * x = 1942.5 which is < 2000

when x = 8, y = 2570 - 125.5 * x = 1566
when x = 7, y = 2570 - 125.5 * x = 1691.5 which is > 1600

your answer is that 1600 < y < 2000 when x = 5 to 7.

you could have analyzed this from the answer of 7.729083665 > x > 4.541832669

if x > 4.541832669, then x > 4 which means x >= 5.

if x < 7.729083665, then x < 8 which means x <= 7.

x >= 5 and x <= 7 gets you x = 5 or 6 or 7, as long as x has to be an integer.

if you're in doubt, then doing it the way i did it above by checking x = 7,8,4,5 is a good way to be sure you got it right.






RELATED QUESTIONS

Loan Balance: $9,440.00 Adjusted Loan Balance: $9,440.00 Loan Interest Rate: 3.50%... (answered by ccallaway)
Angela wants to buy a house for 700000.she has a deposit of 50000 and take out a loan for (answered by Theo)
Angela wants to buy a house for R700000.She has a deposit of R50000 and takes out a loan... (answered by Theo)
Fifteen years ago a couple purchased a house for by paying a 20% down payment and... (answered by math_tutor2020)
Here's the question: Mr. Vargas bought a motor home a few months ago. He made a large... (answered by harpazo)
a client of UMOJA microfinance institution took a loan of TZS 20000000 on 2 January 2018... (answered by CPhill)
John,a client of UMOJA microfinance institution took a loan of TZS 20000000 on 2 January... (answered by CPhill)
I need help with part A and B. 12. The Smiths are refinancing their home mortgage to... (answered by Theo)
Fifteen years ago a couple purchased a house for $150,000.00 by paying a 20 % down... (answered by Theo)