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Wang owes the bank $8500. To repay the debt, he paid a fixed amount to the bank each month. After 12 months, his remaining debt was $6460. How much did Wong Yang pay each month?…

Wang owes the bank $8500. To repay the debt, he paid a fixed amount to the bank each month. After 12 months, his remaining debt was $6460. How much did Wong Yang pay each month?…
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Wang owes the bank $8500. To repay the debt, he paid a fixed amount to the bank each month. After 12 months, his remaining debt was $6460.

How much did Wong Yang pay each month?

How long did it take Yang Wong to pay back his entire debt?

User Akbar Ibrahim
by
8.7k points

1 Answer

1 vote
8500-6460=2040
2040/12=170
8500/170=50 months
User Ranaldo
by
7.7k points
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