Question

Write an equation as part of solving the problem. The purchase price of a large 4K LED TV, including finance charges, was $1480. A down payment of $100 was made, and the remainder was paid in 24 equal monthly installments. Find the monthly payment

Answer 1

Answer:

$57.50

Step-by-step explanation:

1480 = 100 + 24x

1480 - 100 = 24x

1380 = 24x

x = 1380/24

x = $57.50, where x represents the monthly payments.