Question

Marge bought a computer for $699 on the installment plan. The terms of the plan were a down payment of $100, then payments of $58 a month for 12 months. How much was her total cost?

Answer 1

Answer:

$796

Step-by-step explanation:

We have been given that Marge bought a computer for $699 on the installment plan. The terms of the plan were a down payment of $100, then payments of $58 a month for 12 months.

First of all, we will find the amount paid in 12 months by multiplying $58 by 12 as:

$\text{Amount paid in 12 months}=\ 58\times 12$

$\text{Amount paid in 12 months}=\ 696$

Since Marge paid $100 as down payment, so her total cost would be down payment plus amount paid in 12 months.

$\text{Marge's total cost}=\ 100+\ 696$

$\text{Marge's total cost}=\ 796$

Therefore, Marge's total cost was $796.