SOLUTION: Tim needs to take out a loan to purchase a motorcycle. At one bank, he would pay $3500 initially and $85 each month for the loan. At another bank, he would pay $2750 initially and
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-> SOLUTION: Tim needs to take out a loan to purchase a motorcycle. At one bank, he would pay $3500 initially and $85 each month for the loan. At another bank, he would pay $2750 initially and
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Question 925066: Tim needs to take out a loan to purchase a motorcycle. At one bank, he would pay $3500 initially and $85 each month for the loan. At another bank, he would pay $2750 initially and $110 each month. After how many months will the two loan payments be the same? Answer by TimothyLamb(4379) (Show Source):
You can put this solution on YOUR website! bank A:
y = 85x + 3500
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bank B:
y = 110x + 2750
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85x + 3500 = 110x + 2750
25x = 750
x = 30
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answer
30 months
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