Question

Melissa Silva borrowed 4,900 from the bank.If she has already repaid 4/7 of the loan,what is the remaining balance owed to the bank (in $)?

Answer 1

The remaining balance owed to the bank by Melissa is $2100

Solution:

According to the question Melissa Silva borrowed $4,900 from the bank out of which she has already repaid 4/7 of the loan

Let’s find how much loan has been repaid by Melissa Silva till now,

`\begin{array}{l}{\text { So, Loan repaid }=(4)/(7) * 4900} \\\\ {\text { Loan repaid }=\$ 2800}\end{array}`

Now the amount of loan which is still needed to be paid is given as:

Total amount of money = Money Repaid + amount of loan which is still needed to be paid

4,900 = 2800 + amount of loan which is still needed to be paid

Amount of loan which is still needed to be paid = 4,900 - 2800 = $2100