SOLUTION: Aris borrowed money from his brother 8 months ago. He returned Php 500 per month to his brother. Currently, he owes his brother Php 5,000. a. How much money did he borrowed from h

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Question 894057: Aris borrowed money from his brother 8 months ago. He returned Php 500 per month to his brother. Currently, he owes his brother Php 5,000.
a. How much money did he borrowed from his brother?
b. How much will he owe his brother 4 months from now?
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
let's say he borrowed 9000 eight months ago.
he made 8 payments of 500 each which is equal to 4000.
9000 - 4000 = 5000.
he still owes 5000.
4 months from now he will have paid another 2000.
he will then owe 3000 four months from now.