Question

Algebra, a furniture store offers a set of furniture for $990. You can also purchase the set on an installment plan for 24 payments of $45 each. If you choose the installment plan, what percent of the original price will you have paid when you finish?? Please i want an answer not a proportion

Answer 1

24 (no. Of instalments) x 45 (price) = 1,080$.

Then you need to work out the proportion 1080 is of 990- so 1080/990 which equals 1.0909. Times that decimal by 100 to get a percentage- giving you the answer of 109% of original price.