Question

Wang Yong owes the bank $8500. After 12 months, his remaining debt was 6460. How much did Wang Yong pay each month? How long did it take Wang Yong to pay back his entire debt?

Answer 1

170$ each month and it took 50 months to pay back his entire debt.

I hope i helped you.

Explanation:

6460=8500−V⋅12

12v=2040

v=170

0=8500−170T

170t=8500

t=50

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Answer 2

8500-6460= 2040
2040/12=170

170*x=8500
X=50

He paid 170 a month. It took him 50 months (4.16 years) to pay off his debt