Question

Sid is $300 in debt. He needs to get the debt down to no more than $100 within the next 8 months. If he pays the same amount each month, what is the minimum he must pay off each month to manage this?

1) Identify the numbers you are going to use from the problem

2) Identify the operation needed to solve the problem

3) Set up your variable (usually is the question the problem ask)

4) Try to rewrite the information in one sentence

5) Fill in the numbers from the original problem and the inequality symbol

6) Solve the problem (this will be your SOLUTION)

Please answer fast, I'm being timed! Thank you!

Answer 1

Answer:

$25

Step-by-step explanation:

• Total is $300
• Target is no more than $100
• Time is 8 month
• Minimum payment each month = x

Then we get following inequality:

• 300 - 8x ≤ 100
• Solving:
• -8x ≤ -200
• x ≥ 200/8
• x ≥ 25

So the minimum amount to be paid each month is $25