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Aaron borrows [tex]$150 from his friend Austin. He promises to pay back the money in 4 monthly installments. Each month he wants to pay half the amount he paid the previous month. Assuming Austin does not charge any interest, how much should Aaron pay the first month to repay the money as scheduled?

A. $[/tex]60
B. [tex]$70
C. $[/tex]80
D. [tex]$90
E. $[/tex]100


Sagot :

To determine how much Aaron should pay in the first month, let's break down the problem step-by-step:

1. Define the total amount borrowed: Aaron borrows [tex]$150 from his friend. 2. Represent the payments Aaron needs to make: - Let \( x \) be the amount Aaron pays in the first month. - According to the problem, he pays half the amount he paid in the previous month for each subsequent month. Therefore: - First month's payment: \( x \) - Second month's payment: \( \frac{x}{2} \) - Third month's payment: \( \frac{x}{4} \) - Fourth month's payment: \( \frac{x}{8} \) 3. Set up an equation for the total amount: Aaron promises to repay the total amount of $[/tex]150 in these 4 installments. So, we sum up the payments and set them equal to [tex]$150: \[ x + \frac{x}{2} + \frac{x}{4} + \frac{x}{8} = 150 \] 4. Sum the series: This expression is a geometric series where each term is half of the previous one. The series \( 1 + \frac{1}{2} + \frac{1}{4} + \frac{1}{8} \) can be summed up as follows: \[ 1 + \frac{1}{2} + \frac{1}{4} + \frac{1}{8} = \frac{15}{8} \] 5. Express the total payment in terms of \( x \): \[ x \left( \frac{15}{8} \right) = 150 \] 6. Solve for \( x \): \[ x = 150 \times \frac{8}{15} \] \[ x = 80 \] Therefore, Aaron should pay \$[/tex]80 in the first month to repay the money as scheduled.

Thus, the correct answer is:
C. \$80
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