Respuesta :
Amount owed by Wang = $8500
Let the amount paid by him each month be = x
Remaining debt after 12 months = $6460
Hence, Wang had paid = [tex]8500-6460=2040[/tex] in 12 months
Let us assume that Wang paid the same amount per month for 12 months
So, he paid = [tex]\frac{2040}{12}=170[/tex]
Wang paid each month $170.
Assuming that he paid the same amount every time till all the money is paid, so time taken to pay entire amount of $8500
=[tex]\frac{8500}{170}[/tex] = 50 months
Answer:
Step-by-step explanation:
Wang Yong paid the bank 170 each month
It took Wang Yong 50 months to pay back his entire debt.
