Question

Travis makes a down payment of $1100 on a motorcycle costing $2300. Ifno interest is charged, how many monthly payments of $200 must hemake until he has finished paying for the motorcycle.

Answer 1

Answer;

Six monthly payments

Explanation:

From the question, he has made a down payment

What he has to pay refers to the balance

Mathematically, this is the difference between what he has paid and the total cost

We have this as;

$2300-1100=1,200$

He has $1,200 to pay; Out of this, he has to pay $200 monthly

To get the number of months, he has to divide what is left by monthly payment

Mathematically, we have this as;

$\frac{1200}{200}\text{ = 6}$