Wang Yong owes the bank \$8500$8500dollar sign, 8500. To repay the debt, he paid a fixed amount back to the bank each month. Aft er 121212 months, his remaining debt was \$6460$6460dollar sign, 6460.
2 answers:
Complete question :
Wang Yong owes the bank $8500. To repay the debt, he paid a fixed amount back to the bank each month. After 12 months, his remaining debt was $6460. How much did Wang Yong pay each month?
Answer:
$170
Step-by-step explanation:
Given that:
Amount owed = $8500
Fixed amount replayed per month :
Amount left after 12 months = $6460
Amount paid per month :
Total amount paid over 12 months :
$(8500 - 6460) = $2040
Amount paid per month :
$2040 / 12
= $170
Answer:
Part A. Yong payed $170 dollars every month.
Part B. He took 50 months to pay his debt.
Step-by-step explanation:
Look at attachment:
Hope this helps! :)
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