Tiffany put a $1550 item on layaway by making a 20% down payment and agreeing to pay $120 a month. How many months sooner would
2 answers:
<h2>Answer:</h2>
Option: C is the correct answer.
C. 4 months sooner.
<h2>Step-by-step explanation:</h2>Total amount of the item is: $ 1550
Also, Tiffany paid 20% of the amount by down payment.
Hence, the amount left to pay after the down payment is:80% of total amount.
i.e. 0.80 of total amount.
= 0.80×1550
= $ 1240
Now the number of month it will take if she pay $ 120 a month is:
which is approximately equal to 11 months.
Similarly, the number of month it will take if she pay $ 180 a month is:
which is approximately equal to 7 months.
Hence, the number of months sooner she will pay off is:
11-7=4 months.
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