Question

Susan wants to buy a paddle boat for $840. She will pay 20% down and pay the rest in six monthly

installments. What will be the amount of each monthly payment?
A. $168
B. $112
C. $140
D. $28

Answer 1

20/100 x 840=$168 is the amount of money that she has to pay right away
and the rest = 840-168=$676
she has to pay in 6 months so $676/6= 112.6666
=$112.67 per month
->B

Answer 2

Good.
She wants to pay 20% down:
= 20 / 100 * 840 = 168.

The remainder = 840 - 168 = 672

She wants to pay the remainder in six equal payments = 672 / 6 = 112.

= $112 (B).