Question

Maggie owes $500 and will make 4 payments. The first payment is 10% of the original amount, the second payment is 15% of the original amount, the third payment is 30% of the original amount, and the last payment is for the remaining amount owed.

What is the amount for the last payment?

Answer 1

Answer:

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Answer 2

Answer:

$225

Step-by-step explanation:

Amount that Maggie has at the start = $ 500

First payment = $\frac{10}{100}*500 =$ $50

Second payment $= \frac{15}{100}*500 = 75$

Third payment = $\frac{30}{100}*500 = 150$

The remaining amount with Maggie = 500-275 = $225

∴ The amount that Maggie paid for the last payment is $225