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You can buy a television for $349 cash or pay $75 down and the balance in 18 monthly payments of $22.50. What is the installment price of the television? By what percent would the installment price be
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You can buy a television for $349 cash or pay $75 down and the balance in 18 monthly payments of $22.50. What is the installment price of the television? By what percent would the installment price be greater than the cash price?

User Mous
by
8.9k points

1 Answer

10 votes
349 (cash price)
If payment option
18x22.50=405 (balance) +75(down payment )= 480
A difference of 131
27.292% difference
User Hary
by
8.7k points
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