Question

Soon-House sells a $1.980 snow thrower on the installment plan. The installment agreement includes a 20% down payment and 12 monthly payments of $161 each. How much is the down peyment?

What is the total amount of the monthly payments? show work please ​

Answer 1

$396 as down payment

$1932 in total of monthly payments

Explanation:

To find the down payment we just need to multiply the price by .2 since 20% is being paid

1980 x .2 = 396

To find the total amount paid for the monthly payments, we multiply the monthly payment by the number of months.

161 x 12 = 1932