Question

Aaron borrows $150 from his friend Austin. He has to pay the money back in 4 monthly installments. Each month he wants to pay half the amount he paid the previous month. How much should Austin pay the first month to repay the money as sched?

Answer 1

$80

$80+$40+20+$10=$150

Answer 2

Austin should pay $75 the first month, and 37.50 for the remaining of the 2 months