Anonymous
Anonymous asked in Science & MathematicsMathematics · 10 years ago

how do u do this problem?

mrs.ren is buying a house for 85 000 she makes a cash down payment of 10% of the buying price of the house

then she takes out a mortage that requires her to pay 900$ per month .

mrs.less is also buying a house for 85 000 however she makes a cash down payment pf 6% of the buying price of the house and then she borrows the rest .her monthly payments on this mortage are 1100$

after how many months will the two woman have paid the same amount for their house?? show work plz

1 Answer

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  • Anonymous
    10 years ago
    Favorite Answer

    Call Mrs Ren's payment R, Mrs Less's payment L, and the months passed M

    R = 8500 + 900M

    L = 5100 + 1100M

    Now solve 8500 + 900M = 5100 + 1100M

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