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A business owes $8000 on a loan. Every month, the business pays 12 of the amount remaining on the loan. How much will the business pay in the sixth month?

A business owes $8000 on a loan. Every month, the business pays 12 of the amount remaining on the loan. How much will the business pay in the sixth month?
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A business owes $8000 on a loan. Every month, the business pays 12 of the amount remaining on the loan.

How much will the business pay in the sixth month?

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User Garvit Mangal
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1 Answer

5 votes
The business pays $125 during the sixth month.
answered
User Dfkt
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8.1k points
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