Question

Jared made an agreement to pay off his total

debt of $725 in the next 3 months. If he has
already paid off $632.50, how much will he
have to pay each month to pay it off?

Answer 1

The amount which should be paid by Jared each month is $30.83

Explanation:

The total amount to be paid off in 3 months = $725

Amount already paid = $632.50

So, The amount left to be paid in 3 months = $725 - $632.50

= $92.50

Now, the amount is to be paid in 3 months.

So, the amount paid in each month =
`(92.50)/(3)`

⇒
`(92.50)/(3)  = 30.83`

Hence, the amount which should be paid by Jared each month is $30.83