Question

lan is borrowing $1000 from his parents to buy a notebook computer. He plans to pay them back at the rate of $60 per month.(a) write an equation p, for the total money owed after m number of months

Answer 1

As Ian plans pay $60 per month:

If P is the total money owed after m number of months:

The equation will be: P=1000-60m
`P=1000-60m`

Then, after 8 monts Ian owed: $520

m=8

`P=1000-60(8)`
`P=1000-480=520`