Question

The Cottage Bakery borrowed $3,000, in March and again in April, to pay for a new mixer. They plan to pay back the money they borrowed over 12 months. Which expression represents the amount of money their balance will be reduced each month?

Answer 1

Answer: Since they borrowed a total of $3000 in March and April, their total loan amount is $3000 + $3000 = $6000.

To pay back the loan over 12 months, the amount their balance will be reduced each month is:

$6000 / 12 = $500

Therefore, the expression that represents the amount of money their balance will be reduced each month is $500.

Explanation: