SOLUTION: The number of payments varies inversely with the amount of equal payments. If the number of payments is 36 when the amount of each payment is $240, how much will each payment be if

Algebra.Com
Question 491522: The number of payments varies inversely with the amount of equal payments. If the number of payments is 36 when the amount of each payment is $240, how much will each payment be if 48 payments are made? Please help, thanks.
Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
36*240=48X
8640=48X
X=$180

RELATED QUESTIONS

Calculate the missing information for the installment loan that is being paid off early. (answered by ikleyn)
aperson has a $220 monthly payment what is the total amount of money paid if a 36... (answered by Alan3354)
Amount Financed (m) = $1,750 Number of Payments per year (y) = 12 Number of Payments... (answered by Fombitz)
A consumer buys a used car for $17600 with monthly payments of $260, an annual interest... (answered by Theo)
off with monthly payments where f is the finance charge on the Loan p is the number of... (answered by Theo)
Find the monthly payment. Amount financed:$15,600 Installment charge:$4,368 Number of... (answered by ikleyn)
Find the total cost of the car if the installment plan is used. Down Payment:$2,100... (answered by math_tutor2020,ikleyn,ewatrrr)
Find the amount of each payment if a dept of R25 000 is to be amortised with equal... (answered by Boreal)
On March 1, company borrowed 1500. Three equal payments are required on April 30, June... (answered by solver91311)