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Problem 37, January 2017 Algebra I (Common Core) Regents Exam - JuanTutors.com
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37 Ian is borrowing $1000 from his parents to buy a notebook computer. He plans to pay them back at the rate of $60 per month. Ken is borrowing $600 from his parents to purchase a snowboard.
He plans to pay his parents back at the rate of $20 per month. Write an equation that can be used to determine after how many months the boys will owe the same amount.
Determine algebraically and state in how many months the two boys will owe the same amount.
State the amount they will owe at this time.
Ian claims that he will have his loan paid off 6 months after he and Ken owe the same amount. Determine and state if Ian is correct. Explain your reasoning.
He plans to pay his parents back at the rate of $20 per month. Write an equation that can be used to determine after how many months the boys will owe the same amount.
Determine algebraically and state in how many months the two boys will owe the same amount.
State the amount they will owe at this time.
Ian claims that he will have his loan paid off 6 months after he and Ken owe the same amount. Determine and state if Ian is correct. Explain your reasoning.
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