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17 votes
A refrigerator costs $800 on an installment plan that requires a down payment of $140 and monthly payments for 12 months. What are the monthly payments of the plan?

2 Answers

11 votes
The answer would be $55 per month.
The reasoning for this would be that after taking out the $140 down payment from the $800 would leave you with $660 once you get that number you divide it by 12. Which would give you your monthly payment of $55 per month.
User GeekToL
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5 votes
55 dollars a month. U get this by doing 800-140 and then diving that by 12
User AAshish Jha
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