Question

Rafael's mortgage payment on his home went up by $117 last month, which represented an increase of 6.5%.

What was Rafael's mortgage payment before the increase?

Answer 1

$1800

Explanation:

Step one:

given data

we are told that Rafael's mortgage payment on his home went up by $117 last month.

let the mortgage payment be x

and $117 is 6.5% of x

6.5/100*x=117

=0.065x=117

Required is the mortgage payment, x

Step two:

divide both sides by 0.065

x=117/0.065

x=$1800

Hence Rafael's mortgage payment before the increase was $1800