Question

Gary is buying a $1,250 computer on the installment plan you makes a down payment on of $150 she has to make monthly payments of $48.25 for two and a half years what is the finance change

Answer 1

1250-150=1100
2 1/2 years = 30 months
30*48.25 = 1447.5 - 1100 = $347.5 is you Answer

Answer 2

$347.6

Explanation:

The computer cost $1250. If Gary made a down paymnet of $150, $1100 is left to be paid. The financial cost per month is $48.25. For two and a half years this amount must be multiplied by the number of months. In two and a half years there is:

`=12+12g+6=30`

30 months. Gary pays

`=30\cdot{48.25}=1447.5`

$1447.5 for 30 months. The original amount was $1250. Cary pays a total of:

`=150+1447.6=1597.6`

The financial change is:

`1597.6-1250=347.6`