Question

A mahogany desk with a cash price of $810 is offered on the installment plan at $50 down and $58 per month for 15 months. What is the total cost of the desk?

Answer 1

Total cost
50+(58×15)
=920

Answer 2

The total cost of the desk will be = $920

Explanation:

The cash price of the mahogany desk = $810

The down payment amount will be = $50

Additional $58 is to be paid for 15 months making a total of :

`58*15=870`

So, total cost will become:

`870+50=920` dollars

The answer is $920.