Lavina wants to buy a rocking chair for $160. She will pay 10% down and pay the rest in six monthly installments. What will be the amount of each monthly payment?
a. $26
b. $24
c. $16
d. $27
What you have to be here is to subtract the ten percent, then divide the remainder by 6. 160/10= 16 160-16= 144 144/6= 24 Therefore, the only payments that Lavina will have to pay are $24 Hope this helps :)
