Problema Solution
A company i in debt. It's balance sheet show -36,200. The company is paying off 2800 per month. Let m represent the balance after m months. What an expression.
Answer provided by our tutors
m = mth months
Y = Let Y represent the balance after m months.
So, Y = -36200 + 2800*m.
If you want to know when the balance will be zero, the following shows you the details:
2800m = 36200, so m = 12.93. Company i will pay off the debe about 13 months later.