Question

mrs. white buys a used car for $3,000 she makes monthly payments of $300 until the car is paid for. mr. brown buys a used car for $2,400 his makes a monthly payment of $300 until the car is payed for. find and compare the rate of change and the inital value

Answer 1

Initial value for Mrs. White is $600 more than Mrs. Brown.

The rate of change is same for both.

Explanation:

Cost of car purchased by Mrs. White = $3,000

Rate at which she pays for the car = $300 per month

Cost of car purchased by Mrs. Brown = $2,400

Rate at which she pays for the car = $300 per month

So,

Initial value for Mrs. White was =$3,000

Initial values for Mrs. Brown was =$2,400

difference in initial values
`=3000-2400` =$600

∴ Initial value for Mrs. White is $600 more than Mrs. Brown.

Rate of change of payment due for Mrs. White = $300 per month

Rate of change for payment due for Mrs. Brown = $300 per month

∴ The rate of change is same for both.

Since Mrs White had a higher initial value than Mrs Brown and both having same rates of change, therefore Mrs. White will take a longer time to pay the due.