Question

Anthony is buying a motorbike costing £954 and his father is lending him the money. He is paying it back over 18 months. How much will he pay each month?

Answer 1

total cost of the bike=£954
total no.of months taken to pay back the money=18

amount of money he pays per month=
$= \frac{954}{18}$

$= 53$
so he would take 53 months to pay back the money.