Question

Jeania's parents have given her a interest-free loan of $100 to buy a new pair of running shoes She has to

Answer 1

Answer:

The balance on the loan f(p) = $100 - $20 × p

Step-by-step explanation:

The parameters of the question are;

The loan amount = $100

The amount of monthly payment for the loan = $20

The function rule for the balance of the function f(p) where p is the number of payments is given as follows;

The balance on the loan, f(p) = The loan amount less the total amount paid

The total amount payment Jeania has made = Amount of monthly payment × Number of months paid, p

The total amount payment Jeania has made = $20 × p

∴ The balance on the loan, f(p) = $100 - $20 × p

Which gives;

f(p) = $100 - $20 × p.