Question

Ramon has $4896 in his bank account. he has been depositing the same amount of money monthly for 2 years. how much money did ramon deposit monthly?

Answer 1

Ramon deposited $204 monthly

Explanation:

Step 1: Firstly convert 2 years to month

1 year = 12 month

∴ 2 years = 24 month

Step 2: Divide $4896 by 24

➟ 4896 ÷ 24

➟ 204