Question

You purchase a video game system for $150. You make a down payment of $25. You pay the rest of the money you owe in 5 equal monthly payments with no interest. How much is each monthly payment ?

Can you help me set the problem up too? thx

Answer 1

9514 1404 393

Answer:

$25

Explanation:

Let p represent the monthly payment. There are 5 of them, so the amount of their total is 5p. That, together with the down payment, makes up the entire cost of the system.

5p +25 = 150 . . . . an equation representing the relationships

__

To solve this, subtract 25 and divide by 5.

5p = 125

p = 125/5 = 25

Each monthly payment is $25.