Problem 981

 

Find the installment price of a recliner bought on the installment plan with a down payment of 70 and six payment of103.35.

 

Solution:-

 

First find the total of the installment payment.

Total of installment = number of installments * installment payment

= 6 * 103.35

Multiply

6 * 103.35 = 620.10  Find the installment price.  Installment price = total of installment payment + down payment  =620.10 + 70620 + 70 =690.10

Therefore, the installment price is $690.10.

 

Leave a Reply

Your email address will not be published. Required fields are marked *