Problema Solution
You borrow $350 to buy a bicycle. You agree to pay $100 the first week, then $25 each week until the balance is paid off. After the first payment, how long will it take you to repay loan?
Answer provided by our tutors
After the first week you have 350 - 100 = $250 to pay off.
Since 250/25 = 10, you will need 10 weeks plus the first week, that is, 11 weeks to repay the loan.