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3 years ago

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Aaron borrows $150 from his friend Austin. He has to pay the money back in 4 monthly installments. Each month he wants to pay ha

lf the amount he paid the previous month. How much should Austin pay the first month to repay the money as sched?

1 answer:

Y_Kistochka [10]3 years ago

5 0

Austin should pay $75 the first month, and 37.50 for the remaining of the 2 months

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See attached diagram to understand the problem better.

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