Question

lavina wants to buy a rocking chair for $160. she'll pay 10% down and pay the rest in 6 monthly installments. what will be the amount of each monthly payment

Answer 1

10% down  = 160/10 = $16
leaving $144 to pay over the 6 months.

each monthly payment = 144/6 = $24

Answer 2

160 - 160(.1) = 144.

144/6 = 24

$24.