SOLUTION: Mike puts down a payment of $800 on a new television set and pays $40 per month. Alonzo purchases the same television with a $600 down payment and pays $60 per month. In how many m

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Mike puts down a payment of $800 on a new television set and pays $40 per month. Alonzo purchases the same television with a $600 down payment and pays $60 per month. In how many m      Log On

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Question 630329: Mike puts down a payment of $800 on a new television set and pays $40 per month. Alonzo purchases the same television with a $600 down payment and pays $60 per month. In how many months will Mike and Alonzo have paid equal
a. 14 months
b. 7 months
c. 10 months
d. 2 months

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 
Hi,
Mike puts down a payment of $800 on a new television set and pays $40 per month.
Alonzo purchases the same television with a $600 down payment and pays $60 per month.
In how many monthshighlight%28x%29 will Mike and Alonzo have paid equal
Question states***
800+ 40x = 600+ 60x | Solve for x