Shiela bought five cell phones for $150 each for a 3-month installment. A 2% interest will be charged for each unit. How much will Shiela pay each month for 3 months?
A $150 x 2/100 = $
<gadget id="calculator">150*2/100</gadget>
<output>3</output>
3 interest will be charged for each unit.
So, each cell phone costs $150 + $3 = $
<gadget id="calculator">150+3</gadget>
<output>153</output>
153.
The total amount to be paid for 5 cell phones is $153 x 5 = $
<gadget id="calculator">153*5</gadget>
<output>765</output>
765.
Thus, Shiela will pay $765/3 = $
<gadget id="calculator">765/3</gadget>
<output>255</output>
255 each month.

<result>255</result>