Question

Jasmine wants to buy the new iPhone 12 that costs $1,000

$1,000 including taxes. To pay for the phone she will use a payment plan that requires her to make a down payment of $300 and then pay $120
per month for 8 months. What is the percent increase from the original cost of the phone to the cost of the phone using the payment plan?

Answer 1

A. 2.6%

Explanation:

Answer 2

B

Explanation:

26%

1.) 120 x 8 = 960

2.) 960 + 300 = 1260

3.) 1000 x 0.26 = 260

*Checking Answer*

4.) 1000 + 260 = 1260

5.) Final Answer: 26%

Hope this helped!