Complete question :
Wang Yong owes the bank $8500. To repay the debt, he paid a fixed amount back to the bank each month. After 12 months, his remaining debt was $6460. How much did Wang Yong pay each month?
Answer:
$170
Step-by-step explanation:
Given that:
Amount owed = $8500
Fixed amount replayed per month :
Amount left after 12 months = $6460
Amount paid per month :
Total amount paid over 12 months :
$(8500 - 6460) = $2040
Amount paid per month :
$2040 / 12
= $170
