Question

Marge bought a computer for $699 on the installment plan. The terms of the plan were a down payment of $100, then payments of $58 a month for 12 months. How much was her total cost?

Answer 1

$796

Explanation:

We have been given that Marge bought a computer for $699 on the installment plan. The terms of the plan were a down payment of $100, then payments of $58 a month for 12 months.

First of all, we will find the amount paid in 12 months by multiplying $58 by 12 as:

`\text{Amount paid in 12 months}=\$58* 12`

`\text{Amount paid in 12 months}=\$696`

Since Marge paid $100 as down payment, so her total cost would be down payment plus amount paid in 12 months.

`\text{Marge's total cost}=\$100+\$696`

`\text{Marge's total cost}=\$796`

Therefore, Marge's total cost was $796.