Question

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?

Answer 1

$25 each month for 8 months is $200, if you subtract it from $300 is only $100

Answer 2

Sid is 300 in debt...he needs to get it down to no more then 100.....that means he needs to pay (300 - 100) = 200. So he needs to pay 200 in a matter of 8 months. So the minimum payment is :
200 / 8 = $ 25 per month <==