Question

Sam wants a television.He can either buy or rent it.The cost of buying it is $960.Sam would pay a deposit of 30% followed by 12 equal month after payments.

1)Calculate the deposit. 2)Calculate each monthly payment.​

Answer 1

1. deposit = $288

2. monthly payments = $56

Explanation:

960 x 0.3 = 288

960 - 288 = 672

672/12 = 56

Answer 2

1.) 288
2.) 56

The deposit would be 960x.30 = 288
Monthly payment would be 960-288= 672
672/12= 56