Question

Theresa has to pay back 5000 in student loans. She can afford to pay 150 per month. Write a linear function that describes this situation in terms of months (m) and amount she has left to pay (p)

Answer 1

p = 5000 - 150 * m

Explanation:

We need a function that tells us the total value to pay with respect to the student loan, Theresa has a monthly fee so that each time passes she would have to pay less.

Therefore, the total of paying over time would be the initial value of the loan minus the fixed value that must be paid for the amount of time, in this case months, as follows:

p = 5000 - 150 * m