Question

Harry owes the bank money. To repay his debt, he paid \$150$150dollar sign, 150 back to the bank each month. After 101010 months, his remaining debt was \$6900$6900dollar sign, 6900.

Answer 1

$8,400
Explanation:
Amount repaid each month = $150
Number of Periods for which amount was paid = 10 months
Amount left after 10 months payment = $6900
The total amount paid = $150 × 10 = $1500
Amount left = $6900
Total debt amount:
(Total Amount left + total amount paid )
$(6900 + 1500)