Question

Amanda want to pay the same amount each month on her car loan. The number of payments varies inversely with the monthly payment amount.if each monthly payment is $175, she make 48 payments. How much would her monthly payment be be if she wanted to pay off the loan in 30 months

Answer 1

Answer:

Her monthly payment would be $280.

Step-by-step explanation:

Same amount of $ per month

175 times 48 equals 8,400

(175 = monthly payment, 48 = amount of months)

8,400 divided by 30 equals 280

(8,400 = total amount of money, 30 = amount of months)

This makes the months = money ratio:

30 months = $280.