document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=824345>Question 824345</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Solve the problem.\r<BR>\n" );
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document.write( "The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly payment on a 30-year mortgage is for every $1000 borrowed, find a linear function that relates the monthly payment p to the amount borrowed B for a mortgage with the same terms. Then find the monthly payment p when the amount borrowed is $194,000 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #496479 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=496479\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The monthly payment p on a mortgage varies directly with the amount borrowed B.<BR>\n" );
document.write( "----<BR>\n" );
document.write( "p = k*B<BR>\n" );
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document.write( "Solve for \"k\" using \"If the monthly payment on a 30-year mortgage is $7.30 for every $1000 borrowed\"<BR>\n" );
document.write( "7.3 = k*1000<BR>\n" );
document.write( "k = 0.0073<BR>\n" );
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document.write( "Find a linear function that relates the monthly payment p to the amount borrowed B for a mortgage with the same terms.<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "p = 0.0073*B<BR>\n" );
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document.write( "Then find the monthly payment p Equation:<BR>\n" );
document.write( "when the amount borrowed is $194,000<BR>\n" );
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document.write( "p = 0.0073*194000<BR>\n" );
document.write( "p = 7.3*194<BR>\n" );
document.write( "p = $1417.20<BR>\n" );
document.write( "===============<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "===============<BR>\n" );
document.write( " </SPAN>\n" );
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