Question

Wang Yong owes the bank \$8500 , 8500. To repay the debt, he paid a fixed amount back to the bank each month. After 2 months, his remaining debt was \$6460

Answer 1

The subject of this question is Mathematics. To find out the fixed amount Wang Yong pays back each month, you subtract the remaining debt from the initial debt and divide it by the number of months. Wang Yong is making a fixed monthly payment of $1020 to repay his debt.

Step-by-step explanation:

The subject of this question is Mathematics. In this scenario, Wang Yong owes the bank $8500 and is repaying the debt by making fixed monthly payments. After 2 months, his remaining debt is $6460.

To find out the fixed amount he pays back each month, we can subtract the remaining debt from the initial debt and divide it by the number of months:

1. Initial debt: $8500
2. Remaining debt after 2 months: $6460
3. Number of months: 2
4. The fixed monthly payment can be calculated as follows: $8500 - $6460 = $2040; $2040 ÷ 2 = $1020

Therefore, Wang Yong is making a fixed monthly payment of $1020 to repay his debt.

Answer 2

Is the question asking what the payments were? If so, you'll just need to determine how much was paid in total, then divide that if half to determine one payment.

$8500 - $6460 = 2040
$2040 ÷ 2 = $1020 per payment.