House price = down payment + mortgage x number of months
430,000 = 250,000 + 2,000x where x is number of months
To find number or months solve for x
430,000 = 250,000 + 2,000x
Subtract 250,000
180,000 = 2,000x
Divide by 2,000
x = 90 months
12 months in one year
90 = 84 + 6 = 12 x 7 + 6
7 years and 6 months
YoYo. 15/6 = 2.5 so each YoYo costs $2.50.
B. Banks want to know if it's risky or not to loan you money
