The owner offers a payment plan where the total cost of the mountain bike is paid in 3 equal monthly payments. Determine the amo unt of each monthly payment. Show your work or explain your answer.
1 answer:
Answer:
Step-by-step explanation:
$66.67/month for three months
The monthly payment is calulated by dividing the total cost of the mountain bike by 3. For example, if the total cost is $200, the three monthly payments will be $66.67 each:
$200
---------------- = $66.67/month for three months
3 months
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