Question

Lavina wants to buy a rocking chair for $160. Shell pay 10% down and pay the rest in six monthly installments. What wil be the amount of each monthy payment?

Answer 1

$16.00 will be the down payment that leaves a balance of $144.00 so you divide that by 6 and the monthly installments will be $24.00.

Answer 2

$160 divided by 10% is $16. The remaining $144 will should into 6 because of how monthly installments there are. Lavina is then left with $24 for each monthly installment.