Question

Danny wants to buy a television that costs $500, including taxes. To pay for the television, he will

use a payment plan that requires him to make a down payment of $125, and then pay $72.50 each
month for 6 months. What is the percent increase from the original cost of the television to the cost
of the television using the payment plan?
A. 6%
B. 12%
C. 58%
D. 89%

Answer 1

b

Explanation:

72.50×6=435

435+125=560.00

500.00×12% is 60.00 (which is the interest)