Question 622806: The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly payment on a 30-year mortgage is $7.30 for every $1000 borrowed, find a linear function that relates the monthly payment p to the amount B for a mortgage with the same terms. Then find the monthly payment p when the amount borrowed is $194,000.
I come up with p= B/219; $885.84 am I right? Answer by fcabanski(874) (Show Source):