Question

Peter makes a weekly payment of $56.74 towards the mortgage. He need to make payments for 85 weeks to pay off the loan. Estimate the total amount Peter will pay back.

Round each weekly payment to the nearest whole dollar before calculating.

Answer 1

Answer: $4845

Explanation:

First, round Peter's weekly payment to the nearest whole dollar:

$56.74 ≈ $57

Next, multiply the rounded weekly payment by the number of weeks he needs to make payments:

$57 * 85 weeks = $4845

So, Peter will pay back an estimated total of $4845.