Question

You are buying a digital camera that costs $375. The store lets you make a down payment. You can pay the remaining cost in 4 equal monthly payments with no interest charged. You make a down payment of $175. How much will your monthly payment be until the camera is paid off?

Answer 1

$50 a month for 4 months until the camera is paid off.

Explanation:

375- 175

200

200/4 = 50

$50 each moth