Question

A travel agent arranged a payment plan for a client. It required a down payment of $150 and 15 monthly payments of $657. What was the total cost of the plan?

Answer 1

$10,005

Explanation:

We need to find the total cost of the plan and we already know that the client need to pay $150 for downpayment and 15 monthly payments of $657.

So all we need to find is the 15 monthly payments of $657. (Which we could found with multiplying $657 with 15)

$657×15 = $9,855

Now we just add it with the downpayment ($150) to find the total cost of the plan.

$9,855+$150 = $10,005

You could write the steps like this:

$150+($657×15)=$10 005