(2) Mr Lim bought a television set for \( \$ 2820 \). He paid \( \$ 420 \) first and the remaining amount in monthly payments of \( \$ 200 \) each. How many months did Mr Lim take to pay the remaining amount?
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Mr. Lim initially paid \( \$ 420 \), leaving him with a balance of \( \$ 2820 - \$ 420 = \$ 2400 \) to pay off. Since he was making monthly payments of \( \$ 200 \), you can find the number of months by dividing the remaining amount by the monthly payment: \( \$ 2400 \div \$ 200 = 12 \). Therefore, Mr. Lim took 12 months to pay off the remaining amount. In total, Mr. Lim spent a year making those payments while probably enjoying some exciting TV shows! It's always a good practice to budget your purchases; setting up a payment plan can help manage expenses while still enjoying that new gadget!