Question

Lavina wants to buy a rocking chair for $160. She will pay 10% down and pay the rest in six monthly installments. What will be the amount of each monthly payment?

a. $26
b. $24
c. $16
d. $27

Answer 1

What you have to be here is to subtract the ten percent, then divide the remainder by 6.
160/10= 16
160-16= 144
144/6= 24
Therefore, the only payments that Lavina will have to pay are $24
Hope this helps :)