Gloria agreed to buy a boat costing $1183.84 by paying $400 down and the balance in equal monthly payments for one year. How much did she pay each month?

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asked Dec 23, 2022 171k views

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Gloria agreed to buy a boat costing $1183.84 by paying $400 down and the balance in equal monthly payments for one year. How much did she pay each month?

Mathematics
college

FIFO BIZSOL asked

by FIFO BIZSOL

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First you need to subtract 400:
1183.84-400=783.84
Then divide by 12 for every month of the year:
783.84/12=65.32

Sirish answered Dec 27, 2022

by Sirish

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