Question

Emil bought a camera for $268.26, including tax. He made a down payment of $12.00 and paid the balance in 6 equal monthly payments. What was Emil's monthly payment for this camera?

Answer 1

Firstly, subtract the cost that Emil has already put down;
268.26-12= 256.26
Then divide by the monthly installments
256.26/ 6= 42.71
Therefore, Emil pays $42.71 per month
Hope this helps :)