Question

For an installment loan a formula is used to find the down payment. The formula is down payment = installment price- total installment payments. The formula Can be written in symbols as D = P-T. Solve the formula for T. T = ?

Answer 1

Given formula is,

Down payment = Installment price -Total installment payments

In symbols,

`D=P-T`

To solve for T:

Let us write the above formula as follows,

Take T right side, we get,

`T+D=P`

Solve further as,

`T=P-D`

Hence, the formula for T is,

`T=P-D`