Question

A value of a car is $24,000. You pay it off by making payments of $6200 a year. Write and equation for when the car would be payed off

Answer 1

Answer: 24,000 / 6,200 = x years

Step-by-step explanation:

The car is valued at $24,000.

Yearly payments are $6,200.

The year that it will be paid off can be dtermined by calculating how long it would take $6,200 to get to $24,000.

You can do that by dividing $24,000 by $6,200.

Assume the number of years for the car to be paid off is x:

24,000 / 6,200 = x years

When solved:

= 24,000 / 6,200

= 3.87 years