contestada

Quiana took out a loan to pay for a new car. Initially, she owed the lender $15,234.68. She has repaid $247.43 of the loan each month for the past 5 months. What is the net change to the loan from Quiana’s perspective over the past 5 months?

Complete the steps below to help Quiana calculate the loan amount that she’s repaid to the lender.

Part A
Write a rational number to express the initial loan amount as it relates to Quiana’s bank account.

Respuesta :

altavistard

Answer:

$13,997.53

Step-by-step explanation:

The simplest, minimally acceptable answer would stem from multiplying by 5 the $247.43 monthly payment and subtracting the result from the amount initially owed:

$15,234.68

-$ 1,237.15

----------------

$13,997.53

ebrightosagie

Answer: $1237.15

Step-by-step explanation:

Initial loan amount = $15,234.68

Monthly payment =$247.43

Payment's made in last five(5) months = $247.43 × 5

= $1237.15

Current balance

= $15,234.68 - $1237.15

= $13,997.53

Net change

= Initial loan amount - current balance

= $15,234.68 - $13,997.53

= $1237.15

Otras preguntas