Madyson borrows $1,200 from her father to purchase airplane tickets. the first week after borrowing the money, madyson repays her father $50. each week after that, she is able to repay her father $2 more than the previous week, except in the last week, when she finishes repaying the loan. how much is madyson’s final payment? $78 $82 $84 $88

Respuesta :

Based on the attached photo and the explanation below, the amount of Madyson’s final payment is $78.

Calculation of the final payment of an amount borrowed

Note: See the attached photo for the calculation of the amount for Madyson’s final payment.

In the attached photo, the following formula are used:

Current week payment = Previous payment + 2

Current cumulative payment = Previous cumulative payment + Current week payment

From the attached photo, the final payment which is made in the 18th week is calculated as follows:

Final payment = Amount borrowed – Cumulative payment in 17th week = $1,200 - $1,122 = $78

Learn more about final payment here: https://brainly.com/question/13326250.

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