tony owes the bank $8,225 for a car loan. this month tony paid $877 on his loan. how much does tony owe the…
tony owes the bank $8,225 for a car loan. this month tony paid $877 on his loan. how much does tony owe the bank after the loan payment?\n$7,248\n$7,348\n$7,238\n$7,338
Answer
Explanation:
Step1: Identify initial and paid - amount
Initial loan amount = $8225$, Payment amount = $877$
Step2: Calculate remaining amount
Remaining amount = Initial loan amount - Payment amount = $8225−877$ $8225−877 = 7348$
Answer:
$7348$, so the correct option is: $7,348$ (assuming the option with $7,348$ is the correct one among the given choices)