Question

Dwayne buys a new smartphone for $719.76. He agrees to pay for it monthly, with 24 equal payments.

How much does he pay each month for the smartphone?

Answer 1

$29.99

Explanation:

24 equal payments represent 24 months (as it is paid monthly), therefore, you divide by 24 to get only 1 month of the payment

719.76/24

=29.99