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

User Mson
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2 Answers

2 votes
the answer is 538.3 per month

$6450/12 (months)
User Raks
by
8.5k points
0 votes

Answer:170 each month

50months to pay back his entire debt

Explanation:

User Thiago Murakami
by
8.7k points
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