Question

Alex made a $4000 down payment on a car. The total cost of the car was $11000. He made 40 equal monthly payments to pay the car in full. How much did Alex pay per month? Define a variable, write an equation, and solve.​

Answers

  1. Answer: Alex Paid $175 for 40 months
    Step-by-step explanation:
    $4000 = y-int or b
    $11000 = y
    40 months = x
    Slope – intercept form : Y=mx+b
    We are solving for m which is the slope (How much Alex Paid per month)
    11000=m(40)+4000
    11000=40m+4000
    7000=40m
    7000/40
    m=175

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