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Paul Peddler wants to purchase a bicycle costing $775. If he choses to make 12 equal payments, then in dollars and cents the average payment will be? A) 15.48 B) 64.58 C) 763.00 D) 787.00
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Paul Peddler wants to purchase a bicycle costing $775. If he choses to make 12 equal payments, then in dollars and cents the average payment will be?

A) 15.48
B) 64.58
C) 763.00
D) 787.00

User Dopoto
by
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1 Answer

4 votes
B) 64.58. This is because, in order to get 12 equal payments, you simply need to divide the total cost by the number of payments. Therefore, $775 divided by 12 will give you the answer, which is $64.58.
User Jacob Zimmerman
by
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