Question

Mr Jensen bought a set of living room furniture for $5646 he paid $500 at the first he then paid the remainder in equal payments every month for 7 months how much did he pay each month

Answer 1

735.14. hope this helps

Answer 2

Cost if the living room furniture = $5646

Amount paid initially = $500

Amount left to be paid =
`5646-500=5146`

Let us assume that there is no interest on the remainder amount.

As given, the remainder amount is to be paid in 7 months equally so each month Mr. Jensen has to pay =
`(5146)/(7)` = 735.14

Hence, $735.14 is paid each month.