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13 August, 16:47

Harry owes the bank money. To repay his debt, he paid

$

150

$150dollar sign, 150 back to the bank each month. After

10

1010 months, his remaining debt was

$

6900

$6900dollar sign, 6900.

What was the original amount of Harry's debt?

$

$dollar sign

How long did it take Harry to pay back his entire debt?

months

+2
Answers (1)
  1. 13 August, 17:07
    0
    A. The original amount of Harry's debt was US$ 8,400.

    B. It will take Harry 46 months or 3 years and 10 months to pay back his entire debt.

    Completing correctly the statement and the questions:

    Harry pays US$ 150 monthly to the bank, after 10 months his remaining debt was US$ 6,900. Question A: What was the original amount of Harry's debt?, question B. How long (in months) did it take Harry to pay back his entire debt?

    Step-by-step explanation:

    1. Let's review the information given to answer the questions correctly:

    Monthly payment = US$ 150

    Months that Harry had paid = 10

    Balance after 10 months = US$ 6,900

    2. Let's calculate the original amount

    Original amount = Balance after 10 months + (Monthly payment * Months already paid)

    Original amount = 6,900 + (150 * 10)

    Original amount = 6,900 + 1,500

    Original amount = 8,400

    3. Let's calculate how long did it take Harry to pay back his entire debt

    Time to pay the entire debt in months = Balance after 10 months / Monthly payment

    Time to pay the entire debt in months = 6,900 / 150

    Time to pay the entire debt in months = 46
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