Question

Alyssa decides to pay for a new TV that costs $1,700 . Alyssa made a 15% down payment for a one-year installment. The monthly payment $130.

a. What is the amount of the down payment?
b. What is the total monthly payment ?
c. What is the finance charge ?

Answer 1

c

Explanation:

A=15%

B=130

Answer 2

The amount of the down payment is $255.

The total monthly payment is $1560.

The finance charge is $140.

Given that,

Alyssa decides to pay for a new TV that costs $1,700.

Alyssa made a 15% down payment for a one-year installment.

The monthly payment is $130.

According to the question,

1. The amount of the down payment is,

`\rm The \ amount \ of \ down \ payment = Total \ cost \ of \ TV * Percentage \ of \ down\ payment\\\\ The \ amount \ of \ down \ payment = 1700 * (15)/(100)\\\\ The \ amount \ of \ down \ payment = 17 * 15\\\\ The \ amount \ of \ down \ payment = 255`

The amount of the down payment is $255.

2. The monthly payment is $130.

The total of monthly payment is = 12 × $130 = $1560

The total monthly payment is $1560.

3. The finance charge is,

= $1700 - $1560 = $140

The finance charge is $140.

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