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I NEED HELP ASAP PLEASE THANK YOU Maria owes $50,000 in interest free college loans. If she pays back the loan at a rate of 1.7% of the balance per month, how much will she stil…

I NEED HELP ASAP PLEASE THANK YOU Maria owes $50,000 in interest free college loans. If she pays back the loan at a rate of 1.7% of the balance per month, how much will she stil…
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I NEED HELP ASAP PLEASE THANK YOU

Maria owes $50,000 in interest free college loans. If she pays back the loan at a rate of 1.7% of the balance per month, how much will she still owe after he 19th payment?

Write an explicit formula for the sequence.

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User Davertron
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1 Answer

5 votes

50,000 multiplied by 1.7/x then multiply that by 12 which equals to 12 months

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User Ccook
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