lenders target people who are strapped for cash. But the loans they push usually have sky-high interest rates and fees. They're often illegal, too. You need to know how to tell a "good" loan from a bad one. Otherwise, you could end up paying too much, hurting your credit rating—and even losing your home.
HOPE THIS HELPS:)
We can have different variables to represent each brother (there can be different variations and ways to solve, but I'll do it my way).
Matt=m
Jeff=3m
Todd=m+25
Matt Jeff Todd
m+3m+(m+25)=275 3(50) 50+25
5m+25=275 =150 =75
5m=250
m=50
Matt spent $50, Jeff spent $150 and Todd spent $75
Check:
50+150+75
=$225
First multiply 300 by 36 to figure out how much the credit card would be: $10,800. Then multiply 278 by 36 to figure out how much the personal loan is: $10,008. Then subtract $10,008 from $10,800: $10,800-$10,008=$792. She would save $792 :)
