John wishes to pay off his car loan of $4,626 in 18 months. How much will his monthly payment be assuming he pays the same amoun

Question

2 years ago

9

t every month?

1 answer:

nydimaria [60] · Answer 1 · 2022-08-06T12:01:23+03:00

Answer: $257 per month

Explanation:

Pay = monthly payment

Set the total cost equal to number of months times payment per month (which you would leave as a variable because that’s what you’re solving for).

4,626 = 18P

Divide both sides by 18 because you’re trying to isolate the P.

4,626 = 18P —-> 257 = Pr

This leaves you with an evenly split number of 257.