Question

Emil bought a camera for $\$268.26$, including tax. He made a down payment of $\$12.00$ and paid the balance in $6$ equal monthly payments. What was Emil's monthly payment for this camera?

Answer 1

Find the monthly payment made by Emil.

Given that,

Emil bought a camera for $\$268.26$, including tax.

He made a down payment of $\$12.00$.

Paid the balance in $6$ equal monthly payments.

Balance amount to be paid after down payment $=\$268.26-\$12.00$
$=\$256.26$
Monthly Payment $=\frac{\$256.26}{6}$
$=\$42.71$

Hence, the required monthly payment is $\$42.71$.