Question

The hut sells a 2445 entertainment system credenza on a six month layaway plan

A. If the monthly payment is $440, what is the sum of the monthly payments?
B. What is the fee charged for the layaway plan?

Answer 1

440*6=2640
So the answer to A. is $2640

2640-2445=195
Which means the fee is $195

Answer 2

A. $2,640

B. $195

Explanation:

A. If the monthly payment is $440, the sum of the monthly payments is the result of multiplying this amount for the number of months that according to the statement is 6:

$440*6= $2,640

B. The fee charged for the layaway plan would be the difference between the total amount that was payed minus the sell price:

$2,640-$2,445= $195