he will owe? after his first payment

Question

A student graduates from college with ​$57 comma 000 in student loans with a 8.7 ​% annual simple interest rate. In order to reduce his debt as quickly as​ possible, beginning next month he is going to pay ​$500 per month towards the loan. After his first​ payment, how much will he owe on the​ loan?

Answer 1

debt=57,000$ & interest=8.7%...1 yeer interest=).087*57,000

=4,959$/yeer

or 413.25$/month

so 500-413.25=-86.75$...yu kut yer debt bi 86.75$ in 1 month

57,000-86.75=56,913.25$