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Yakvenalex [24]
3 years ago
10

Suppose that an installment plan calls for five payments to be made. The total paid in this plan is 20% more than the price woul

d be if paid in full immediately. The price of the item is $200. How much will each installment payment be?
A. $40
B. $52
C. $240
D. $48
Business
1 answer:
ollegr [7]3 years ago
4 0

Answer:

The answer is $48.

Explanation:

20% of $200 is 40. So the total amount they will pay is $240. Since there will be five payments you divide this by five. That makes %48.

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