Question

Harry owes the bank money. To repay his debt, he paid 150 dollar sign, 150 back to the bank each month. After 10 months, his remaining debt was 6900 dollar sign, 6900. What was the original amount of Harry's debt?

Answer 1

Answer:

$8,400

Explanation:

Harry has paid for ten months already, $150 each month.

Total debt Harry has paid till date is= 150*10= $1,500

Harry's outstanding debt is $6,900

So the total loan he collected= (Debt already paid)*(Outstanding debt)

= 6,900+ 1,500

= $8,400

Note: This solution is based on the assumption that no interest payments were made by Harry. This was not given in the question