Isabelle’s parents bought a new television for $480. The seller gives them a 5% discount. They pay a first installment of $150 and will pay the rest in 3 monthly installments. What is the amount of a monthly payment?
The television discount is $480 x 5/100 = $
<gadget id="calculator">480*5/100</gadget>
<output>24</output>
24.
So, the television price is $480 - $24 = $
<gadget id="calculator">480-24</gadget>
<output>456</output>
456.
The outstanding balance is $456 - $150 = $
<gadget id="calculator">456-150</gadget>
<output>306</output>
306.
The monthly payment is $306 / 3 = $
<gadget id="calculator">306/3</gadget>
<output>102</output>
102.

<result>102</result>