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Aaron borrows $150 from his friend Austin. He has to pay the money back in 4 monthly installments. Each month he wants to pay half the amount he paid the previous month. How much should Austin pay the
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Aaron borrows $150 from his friend Austin. He has to pay the money back in 4 monthly installments. Each month he wants to pay half the amount he paid the previous month. How much should Austin pay the first month to repay the money as sched?

User Kostas
by
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2 Answers

3 votes

$80

$80+$40+20+$10=$150

User Bluescores
by
7.0k points
4 votes
Austin should pay $75 the first month, and 37.50 for the remaining of the 2 months
User Jawira
by
6.5k points
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