Jack O. Lantern is interested in knowing what his son owes on his mortgage loan. If Jack knows that the interest portion of their last monthly payment was $391.42, and their interest rate is 11 1/2%, then what was the outstanding balance of their loan before that last payment was made?

Answer: the correct answer is 10step-by-step explanation: let the number be n, then the expression becomes,then“twelve more than the quotient of a number and two, decreased by four” iswhen n=4,we substitute 4 whetever we see n to get,we simplify to obtain,we further simplify to get,therefore the correct answer is c.