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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?
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4 votes
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?

User Mmmoustache
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2 Answers

3 votes

Answer:

$125 on the 6th month

User Wumms
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3 votes
$125 is to be paid during the 6th month.
User Pharaun
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8.2k points
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