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Susan wants to buy a paddle boat for $840. She'll pay 20% down and pay the rest in six monthly installments. What will be the amount of each monthly payment?

Susan wants to buy a paddle boat for $840. She'll pay 20% down and pay the rest in six monthly installments. What will be the amount of each monthly payment?
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1 vote
Susan wants to buy a paddle boat for $840. She'll pay 20% down and pay the rest in six monthly installments. What will be the amount of each monthly payment?

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User Lukas Hestermeyer
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7.5k points

1 Answer

3 votes
All we need to do is find 20% of 840, subtract it from 840, and divide the remaining by 6.
840×.2=168
840-168=672
672÷6=112
She'll pay $112 per month.
answered
User Brynner Ferreira
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7.7k points
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