Question

Mr. and Mrs. Jones have a personal loan of $13,600. They have paid off 3/8

of the loan. How much of the loan have they paid off?

Answer 1

$5,100

Explanation:

total amount of the loan: $13,600

part paid:
`(3)/(8)`

The question is how much of the $13,600 does the
`(3)/(8)` that they already paid represent.

For this we need to multiply
`(3)/(8)` by 13,600 :

`(3)/(8)(13,600) \\\\=(3*13,600)/(8)\\ \\=(40,800)/(8)\\ \\=5,100`

we found that three eighths of $13,600 is equal to $5,100.

Thus they have paid off $5,100 of the loan.