Question 1208002
 The monthly payment p varies directly with the amount borrowed B,
p {{{alpha}}}B

 we can express this relationship as p= kB

where k is the constant .

The monthly payment is $8.99 for every $1000 borrowed.

 Therefore, we  get  p =8.99*(B/1000)

Simplify
p= 0.00899 B 

 the amount borrowed B is $175,000

we can substitute 𝐵=175000 into the equation:

p = 0.00899 * 175000
p= 1573.25

 The monthly payment  p for  the amount borrowed  ($175,000) is $1753.25