Question

Riley has set up a six week payment schedule to pay for his upcoming school camp. he has already put down a 15 percent deposit and will pay the balance in 6 weekly instalments. If he paid $34.20 deposit, how much is he paying each week?

Answer 1

$32.30 each week

Explanation:

Deposit = 15% = $34.20

⇒ total cost of camp = (34.20 ÷ 15) x 100 = $228

Balance left after deposit = 228 - 34.20 = $193.80

If paying the remaining balance in 6 weekly installments,

⇒ weekly payment = 193.80 ÷ 6 = $32.30