Question

!PLEASE ANSWER THIS!! 90 POINTS!

Alexander earns the same amount of money each month. Alexander's loan payment is 2/25 of his monthly income. Alexander pays a total of $1,680 per year in loan payments.

What is Alexander's monthly income?

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Answer 1

Hello User,

I'm not sure if this is the correct answer but I try..

Answer : 17.50

Steps:

Alexander total $1,680 per year

load payment is 2/25 of his monthly income (2/25=0.08)

So 1,680 divided by 12 (cause 12 month in a year)= 140

140 divided by 0.08 = 1750