James is buying a motorcycle that costs $2034.24, including tax. He will pay for it in equal monthly payments over 24 months. How much will James pay each month?
Question
James is buying a motorcycle that costs $2034.24, including tax. He will pay for it in equal monthly payments over 24 months. How much will James pay each month?
Solution
To find out how much James will pay each month, you need to divide the total cost of the motorcycle by the number of months he will be making payments.
Here are the steps:
- Identify the total cost of the motorcycle, which is $2034.24.
- Identify the number of months for the payment period, which is 24 months.
- Divide the total cost by the number of months: $2034.24 ÷ 24.
Let's do the calculation:
84.76
So, James will pay approximately $84.76 each month.
Similar Questions
ct the correct answerAkshay buys a motorcycle for Rs.25000. If he decides to sell the motorcycle for a profit of 7%, find the selling price.
A motorcycle costs $7,250. If it depreciates by 12% per year, how much will it be worth after one year?
Trent buys a new smartphone. The total cost is $599.40, but he pays in equal monthly payments of $33.30. How many months will it take Trent to pay off the smartphone?
Eric earns $2360 a month. He spends $1590 every month and saves the rest. How much will he save in 5 years?
James works a basic week of 40 hours and has an hourly rate of pay of $19.50.Calculate his weekly wage before tax.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.