Harry owes the bank money. To repay his debt, he paid \$150$150dollar sign, 150 back to the bank each month. After 101010 months, his remaining debt was \$6900$6900dollar sign, 6900.
$8,400 Explanation: Amount repaid each month = $150 Number of Periods for which amount was paid = 10 months Amount left after 10 months payment = $6900 The total amount paid = $150 × 10 = $1500 Amount left = $6900 Total debt amount: (Total Amount left + total amount paid ) $(6900 + 1500)
