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sid is $300 in debt. he needs to get the debt down to no more than $100 within the next 8 months. if he pays the same amount each month, what is the minimum he must pay off each month to manage this?
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sid is $300 in debt. he needs to get the debt down to no more than $100 within the next 8 months. if he pays the same amount each month, what is the minimum he must pay off each month to manage this?

User Yvanne
by
8.1k points

2 Answers

5 votes
$25 is the minimum he can pay each month to get to $100
User Taco Jan Osinga
by
8.5k points
5 votes
300
- 100
--------
200 / 8 = $25
User Mudassar Hashmi
by
9.3k points
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