Question

a van cost $72,655 mr smith paid a deposit of $66,655 and he will pay the rest in 12 equal payments how much does he have to pay for each payment

Answer 1

72,655-66,655= 6,000. Then you divide 6,000 by 12 to get equal payments and for each payment he needs to pay $500.

Answer 2

First find the difference between the cost and deposit amounts
72655 - 66655 = 6000

then 6000 divided by 12 (equal payments)
= 500

therefore it will be $500 for each payment