Sid is $300 in debt. He needs to get the debt down to no more than $100 within the next 8 mouths .If he pays the same amount each mouth, what is the minimum he must pay off each mouth to manage this?
He needs to pay off at minimum $200 in 8 months, given by the equation: [tex]300 - 100 = 200[/tex] Divide the amount required by the months he has to pay, and you get your total that he has to pay each month. [tex]200 \div 8 = 25[/tex] $25 each month.
