document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1208002>Question 1208002</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The monthly payment pon a mortgage varies directly with the amount borrowed B. If the monthly payment on a 15-year mortgage is $8.99 for every $1000 borrowed, find a linear equation 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 B is $175,000. \r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #846105 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=846105\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  The monthly payment p varies directly with the amount borrowed B,<BR>\n" );
document.write( "p <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=alpha ALIGN=MIDDLE  ALT=\"alpha\"   DISABLED_style= \"max-width:90%; height:auto;\" >B\r<BR>\n" );
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document.write( " we can express this relationship as p= kB\r<BR>\n" );
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document.write( "where k is the constant .\r<BR>\n" );
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document.write( "The monthly payment is $8.99 for every $1000 borrowed.\r<BR>\n" );
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document.write( " Therefore, we  get  p =8.99*(B/1000)\r<BR>\n" );
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document.write( "Simplify<BR>\n" );
document.write( "p= 0.00899 B \r<BR>\n" );
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document.write( " the amount borrowed B is $175,000\r<BR>\n" );
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document.write( "we can substitute 𝐵=175000 into the equation:\r<BR>\n" );
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document.write( "p = 0.00899 * 175000<BR>\n" );
document.write( "p= 1573.25\r<BR>\n" );
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document.write( " The monthly payment  p for  the amount borrowed  ($175,000) is $1753.25\r<BR>\n" );
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