Question

Jane purchased a refridgerator costing $500. She made a 20% down payment and paid $40 a month for 10 months. Find the total amount that she paid for the refridgerator.

Answer 1

First, you'll need to work out 20% of 500 (which is $100). Then you'll need to find how much she spent over the 10 months, which is done by multiply 40 by 10 ($400). In total, Jane paid $500 for the refrigerator, $100 for the down payment and $400 over ten months for the rest.

- Tony, the GREAT ;)