Question

HELP!!! Susan wants to buy a paddle boat for $840. She'll pay 20% down and pay the rest in six monthly installments. What will be the amount of each monthly payment? A. $168 B. $28 C. $140 D. $112

Answer 1

Down pay = 840*20/100 = $168

Monthly installments = $840-$168 = $672

Value of one installment = 672/6 = $112

So, $112 is your answer.........