Answer:
Explanation:
1. If we subtract $6460 from $8500, we get $2040, then we divide $2040 by the 12 months & we get $170, so he pays a fixed amount of %170 per month.
2. We need to multiply $170 by a number to get $8500. $170 times 50 is $8500. So it will take him 50 months or 4 years & 2 months until he pays back all of his debts.