Soon-House sells a $1.980 snow thrower on the installment plan. The installment agreement includes a 20% down payment and 12 mon
thly payments of $161 each. How much is the down peyment?
What is the total amount of the monthly payments? show work please
1 answer:
Answer:
$396 as down payment
$1932 in total of monthly payments
Step-by-step explanation:
To find the down payment we just need to multiply the price by .2 since 20% is being paid
1980 x .2 = 396
To find the total amount paid for the monthly payments, we multiply the monthly payment by the number of months.
161 x 12 = 1932
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