Question

You purchase a video game system for $150. You make a down payment of $25. You pay the rest of the money you owe in 5 equal monthly payments with no interest. How much is each monthly payment ?


Can you help me set the problem up too? thx

Answer 1

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Answer:

  $25

Step-by-step explanation:

Let p represent the monthly payment. There are 5 of them, so the amount of their total is 5p. That, together with the down payment, makes up the entire cost of the system.

  5p +25 = 150 . . . . an equation representing the relationships

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To solve this, subtract 25 and divide by 5.

  5p = 125

  p = 125/5 = 25

Each monthly payment is $25.