Mr. Bill nelson is scheduled to have corrective surgery which will be $385.00. He is asked to make a down payment of $50.00 before the operation, and then he wants to divide his payments into six equal installments. What will be the amount of each installment.

Answer 1

The total cost of the surgery is $385.00 and Mr. Nelson has already made a down payment of $50.00.

So, the remaining balance to be paid in installments is $385.00 - $50.00 = $335.00.

Mr. Nelson wants to divide this remaining balance into six equal installments.

Therefore, the amount of each installment will be $335.00 / 6 = $55.83.

Each installment will be $55.83.