Question

I NEED HELP ASAP PLEASE THANK YOU

Maria owes $50,000 in interest free college loans. If she pays back the loan at a rate of 1.7% of the balance per month, how much will she still owe after he 19th payment?

Write an explicit formula for the sequence.

Answer 1

50,000 multiplied by 1.7/x then multiply that by 12 which equals to 12 months