Question

Find the installment price of a table bought on the installment plan with a down payment of $30 and 6 payments of $47.66.

a) $327.96
b) $360.96
c) $260.96
d) $340.96

Answer 1

The installment price of the table is $327.96.

Step-by-step explanation:

To find the installment price of the table, we need to add the down payment to the total of the 6 payments. The down payment is $30 and each payment is $47.66.

So the total installment price is $30 + (6 x $47.66) = $30 + $285.96 = $<<30+6*47.66=327.96>>327.96.

Therefore, the installment price of the table is $327.96.