Question

Joel is $3000 in debt. He needs to get the debt down to no more than $1000 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?

Answer 1

Answer:

$250 he must pay each month

Step-by-step explanation:

$3000 - $1000 = $2000 that he must pay in the next 8 months

divide the $2000 by 8 months you get $250 each month