Answer:
$5,100
Step-by-step explanation:
total amount of the loan: $13,600
part paid: [tex]\frac{3}{8}[/tex]
The question is how much of the $13,600 does the [tex]\frac{3}{8}[/tex] that they already paid represent.
For this we need to multiply [tex]\frac{3}{8}[/tex] by 13,600 :
[tex]\frac{3}{8}(13,600) \\\\=\frac{3*13,600}{8}\\ \\=\frac{40,800}{8}\\ \\=5,100[/tex]
we found that three eighths of $13,600 is equal to $5,100.
Thus they have paid off $5,100 of the loan.
