Register
The Giordanos buy $8500 worth of furniture for their new home. They pay $3000 down. The store charges 10% add-on interest. The Giorda- nos will pay off the furniture in 30 monthly payments (2.5years).
211k views
19 votes
The Giordanos buy $8500 worth of

furniture for their new home. They pay $3000 down.
The store charges 10% add-on interest. The Giorda-
nos will pay off the furniture in 30 monthly payments
(2.5years). Find the monthly payment.

User Matthieu G
by
6.9k points

1 Answer

12 votes
8500-3000is 5500
So 10% of 5500is 550. (Assuming this is a a one time fee)
So add both together to get the remaining balance to break down into payments
6050 divided by 30=201.67
User TomFuertes
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.4m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!