Russell bought a $1,240 sound system on an installment plan. The installment plan included a 20% down payment and 18 monthly pay

Question

3 years ago

11

Russell bought a $1,240 sound system on an installment plan. The installment plan included a 20% down payment and 18 monthly pay

ments of $65 each.
How much is the down payment?
What is the total amount of the monthly payments?
How much did Russell pay for the sound system, including the down payment, on the installment plan?
What is the finance charge?

Mathematics

1 answer:

KonstantinChe [14] · Answer 1 · 2022-11-24T08:46:22+03:00

KonstantinChe [14]3 years ago

7 0

The down payment is $248
The total amount of monthly payments is 62