Question

Jean and Marie decided to buy new living room furniture worth $6000. They make a down payment of $600. They decide to pay off what they owe in 30 monthly payments. Find the amount of the payments at 9% add-on interest.

Answer 1

5886$ is the ans

Explanation:

Paid amount= 6000-600

Total Amount or Interest applicable amount = 5400$

Then

Interest Rate= 9%

by using formula

=. Total amount + Interest rate × Total

=. 5400+0.09×5400

=. 5886$