Question

Each TTF site bought a new rope bridge for 4,500. TTF will make monthly payments of $350 until the bill is paid. Write an equation for the unpaid balance B after m monthly payments

Answer 1

Answer: 4500 - 350m

Step-by-step explanation:

From the question, we are informed that each TTF site bought a new rope bridge for 4,500 and that TTF will make monthly payments of $350 until the bill is paid.

The equation for the unpaid balance B after m monthly payments will be:

= 4500 - 350m

where me = number of months

For example, if the number of months used is 4 months, the unique balance will be:

= 4500 - 350m

= 4500 - 350(4)

= 4500 - 1200

= 3300