25,000= 600(x)-5000
33 months (2 3/4 years)
1) Gathering the data
Initial Value: 25,000
Down payment: 5,000
Installments: 600
months: x
We can write out a linear equation for that, having these data. Since the $600 are steady, and 5,000 was a down payment only that time.
25,000= 600(x)-5000 Subtracting 5000 from both sides
20000= 600(x) Dividing both sides by 600
x= 33. 33 approximately 33
33 months