Question

You recently borrowed $500 from a friend. You signed a contract that requires you to pay back one third of the loan every month for three months. How much will you have to pay back each of the first two months? How much will you have to pay back the third month?​

Answer 1

500*2 =1000
Tbh I really don’t know but I need the points. IM SORRY.

Answer 2

Assuming that you pay back an equal amount each month and that the payment will be completed by the end of the third month.

500/3 = 166.6666666

So you will be paying back $166.6666666 each month.

$333.3333333 for the first two months.

$166.6666666 the third month.

These are the exact numbers but you should probably round them to make it simpler in your answer.