Question

Brandon took home a new $260 electric guitar from Guitar Center. Before purchasing the electric guitar, he put a down payment of $50 and decided to pay off the rest month by month on his credit card. If each month, he pays off $20, how many months will it take to pay the balance off completely?

a. 10 months
b. 12 months
c. 11 months
d. 13 months

Answer 1

After making a $50 down payment on a $260 electric guitar, it will take Brandon 11 months of $20 payments to pay off the remaining balance completely.

Step-by-step explanation:

The question asks us to determine how many months it will take Brandon to pay off the balance of a $260 electric guitar after making a $50 down payment and planning to pay $20 per month thereafter. To solve this, we first calculate the remaining balance after the down payment which is $260 - $50 = $210. Next, we divide the remaining balance by the monthly payment amount: $210 ÷ $20 = 10.5. Since we cannot have a half month, it will take Brandon 11 months to completely pay off the guitar.