Question

Sid is $300 in debt. He needs to get the debt down to no more than $100 within the next 8 months. If he pays the same amount each month, what is the minimum he must pay off each month to manage this?

Answer 1

$25 Step-by-step explanation: Total is $300 Target is no more than $100 Time is 8 month Minimum payment each month = x Then we get following inequality: 300 - 8x ≤ 100 Solving: -8x ≤ -200 x ≥ 200/8 x ≥ 25 So the minimum amount to be paid each month is $25

hope it helps you

Answer 2

Answer:

As , Initial Total Debt is 300

Finally , Debt became 100

So , Amount Paid in 8 months = 300 -100 = 200

Since Equal Amount is paid in each month

So , by UNITARY METHOD : -

IN EACH MONTH = 200 / 8 = 25