Question

if you have $280 and you have 12 months or 365 days to pay it off. how much money would you pay every month?

Answer 1

23

Explanation:

280/12=23.33333.............

Answer 2

We have to pay
`\$23.33` every month.

Solution:

Given that, the total amount we have is
`\$280`

We have total time = 12 months.

We need to find the amount needed to pay per month.

So, the total amount to be paid can be found by diving the total amount by total time.

Amount to be paid =
`\frac{\text {total amount}}{\text {total time}}`

Therefore,
`(\$ 280)/(12) = 23.\overline{333333}`

which is
`\approx \$23.33`