Answer:
The balance on the loan f(p) = $100 - $20 × p
Step-by-step explanation:
The parameters of the question are;
The loan amount = $100
The amount of monthly payment for the loan = $20
The function rule for the balance of the function f(p) where p is the number of payments is given as follows;
The balance on the loan, f(p) = The loan amount less the total amount paid
The total amount payment Jeania has made = Amount of monthly payment × Number of months paid, p
The total amount payment Jeania has made = $20 × p
∴ The balance on the loan, f(p) = $100 - $20 × p
Which gives;
f(p) = $100 - $20 × p.
