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.​

1. thienthi
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