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3 years ago

6

What will the last payment be to pay off a $1,250 computer plus 8% sales tax with monthly payments of $120?

1 answer:

GrogVix [38]3 years ago

8 0

Convert 8% too decimal form = 8/100 = .08
1250 * .08 = 100
1250 + 100 = 1350
To find out how many payments of 120 can be made :
120x = 1350
divide both sides by 120
x = 11.25 payments of $120
since .25 is a fraction calculate the actual $ amount by mult. 120 * .25 = $30
The last payment is $30

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