3. The Alvarez family bought a car for $2,000. They made a down
payment of $500. If they want to pay the balance in 5 equal
payments, how much will each of these payments be?

Question

3. The Alvarez family bought a car for $2,000. They made a down  payment of $500. If they want to pay the balance in 5 equal  payments, how much will each of these payments be?

Sigrid · Answer

The first step is to subtract $500 from $2000 and then you end up with $1500 which you then divide by 5.    Each payment will have to be $300

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