Question

Mary's total bill for a used car is $2,700.00. If she pays an equal amount each month for an entire year, how much will she have to pay each month?

Answer 1

$225

Explanation:

When Mary pays the cost in 12 equal payments, each is 1/12 of the total amount.

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1/12 × $2700 = $225

Mary will have to pay $225 each month.