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poizon [28]
3 years ago
15

Adrian placed an X-Box on layaway as a Christmas gift. The price of the X-Box was $400.00. The store charges a 5% layaway fee an

d requires a 15% down payment. Equal installments must be paid each week for six weeks. Determine Adrian's weekly payments.
Business
1 answer:
fgiga [73]3 years ago
8 0

Answer:

$59.5

Explanation:

Data provided;

The price of the X-Box = $400.00

layaway fee = 5%

Down payment = 15%

Now,

The total cost of the X-Box = $400.00 + 5% of $400.00

or

= $400.00 + 0.05 × $400.00

= $400 + $20

= $420

The amount of down payment = 15% of $420

= 0.15 × $420

= $63

The amount left after down payment = $420 - $63

= $357

Therefore,

The weekly payment = \frac{\textup{Total amount to be paid}}{\textup{Total weeks}}

= \frac{\textup{357}}{\textup{6}}

= $59.5

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Oil is extremely important for industrialized nations and since Euphrasia is a mixed open economy, we can assume that it is an industrialized nation. Oil has become the most important energy source for more than 60 years and is the raw material for manufacturing plastic.

During the 1970s and early 1980s the American economy was shattered by an increase in the price of foreign oil and a decrease in its domestic production levels. The importance of oil is also why so many modern wars have been fought over oil production and reserves.

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