Diane owes $232.20 for a gown for a special occasion. She pay for the gown in #4 1/12# months. What will her monthly payment be? What is her last payment?
2 Answers
There is not really enough information to answer this with confidence.
Monthly payment
Last payment
Explanation:
Making assumptions about the distribution of payment values.
There will be other ways of doing this.
The use of 'unit payment' is just a trick to solve this problem type. It is a (constant of proportionallity) way of measuring the distribution of payment. Nothing else!
So
=>1 unit payment
There are 12 units of payments in 1 month
So we have 3 months at
This gives a total payment at the end of 3 months of
So the payment for the last month is:
An interpretation of the question that is different to my first one.
4 payments at $56.86 to 2 decimal places
Last payment at $4.74 to 2 decimal places
Explanation:
You should read through my other solution first to see where the numbers come from.
There are 5 payments
So
=>1 unit payment
There are 12 units of payments in 1 month
4 payments at
Closing payment at