A business owes $8000 on a loan. Every month, the business pays 12 of the amount remaining on the loan. How much will the business pay in the sixth month?

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asked Feb 28, 2018 169k views

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A business owes $8000 on a loan. Every month, the business pays 12 of the amount remaining on the loan.

How much will the business pay in the sixth month?

Mathematics
high-school

Garvit Mangal asked

by Garvit Mangal

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1 Answer

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The business pays $125 during the sixth month.

Dfkt answered Mar 6, 2018

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