Question

A couch advertised for $500 can be purchased

for a down payment of $200 plus 5 equal
monthly installments. What is the amount of
each monthly payment?
How much is it ?

Answer 1

$60 a month is the answer

Explanation:

$200 down payment leaves you with $300's to pay still. Divide the $300's by 5 and that leaves you with $60 a month.