Question

One car dealer sells a car with a $500 down payment and payments of $250 per month. Another car dealer sells the same type of car with no down payment and monthly payments of $300 per month. After how many months will the buyers have paid the same amount? Use m for your variable

Answer 1

The answer is 5m
correct me if i’m wrong

Answer 2

By month 10 both buyers will have paid the same amount of 3,000.

Explanation:

The equation would be 500 + 250m = 300m. If you put 10 in for m you get the same amount on both sides of the equation.

500 + 250m = 300m

500 + 250(10) = 300(10)

500 + 2,500 = 300(10)

3,000 = 300(10)

3,000 = 3,000