How much is each monthly payment

Question

You are buying a drum set that costs $495. The music store lets you make a down payment. You can pay the remaining cost in three equal monthly payments with no interest charged. You make a down payment of $150. 

Answer 1

Hi Lili, first, subtract the down payment of $150 from the cost of the drum set, $495.

 

Divide the answer by 3 to get the monthly cost.

 

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