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Chris owes his brother $250. He has agreed to pay back 12% of the remaining balance each month. After making five payments, approximately how much money does Chris still owe?

Chris owes his brother $250. He has agreed to pay back 12% of the remaining balance each month. After making five payments, approximately how much money does Chris still owe?
asked 172k views
5 votes
Chris owes his brother $250. He has agreed to pay back 12% of the remaining balance each month. After making five payments, approximately how much money does Chris still owe?

asked
User Lize
by
8.3k points

1 Answer

6 votes
okay so 12x5=60%
so now you do 250 / 60% which is 150

so 150
answered
User Mahdi Dahouei
by
8.5k points
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