The owner offers a payment plan where the total cost of the mountain bike is paid in 3 equal monthly payments. Determine the amount of each

Question

The owner offers a payment plan where the total cost of the mountain bike is paid in 3 equal monthly payments. Determine the amount of each monthly payment. Show your work or explain your answer.

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Nguyệt Ánh 4 years 2021-07-19T12:07:15+00:00 1 Answers 10 views 0

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  1. thienthi
    0
    2021-07-19T12:08:38+00:00
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    Answer:

    Step-by-step explanation:

    $66.67/month for three months

    The monthly payment is calulated by dividing the total cost of the mountain bike by 3.  For example, if the total cost is $200, the three monthly payments will be $66.67 each:

       $200

    —————- = $66.67/month for three months

      3 months

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