John purchased a gaming system for $357.23. He paid in 12 monthly installments. About how much did he pay each month?

Answer 1

We know John paid $357.25

He paid 12 monthly installments.

We want to know how much he paid each month.

1. We know that there are 12 months in one year.
2. We know he paid 357.23 overall.

We would want to take the total amount he paid divided by 12 months to get the amount John paid each month.

So we would do:

357.23\12

When we do the operation we find that:

357.23\12= 29.769

Depending on the phrasing of your question you can round your answer where it is necessary for about how much John paid each month. It can be rounded to 29.77 per month or 29.80 per month or 30 dollars per month.