Question

Mr. Nee invested his money. Over the last 3 months, his investment had a loss of $27.60.Based on this information, write and simplify an expression to calculate the averageLossper month

Answer 1

$9.20

Explanation;

From the question we are told that Mr. Nee had a loss of $27.60 over the last 3 months, this can be expressed as;

$27.60 = 3months

To calculate the average loss per month, we will say;

x = 1 month

Divide both expressions

27.60/x = 3/1

Cross multiply

27.60 * 1 = 3x

27.60 = 3x

3x = 27.60

x = 27.60/3

x = 9.20

Hence the average loss per month is $9.20