Question

A flat screen tv costs $1,306.62. A monthly fee of $5.50 is added if it is paid in installments. Marisa will pay for the tv over 18 months. How much will she pay each month?

Answer 1

`$78.09` per month for 18 months.

Explanation:

`$78.09` per month for 18 months.

You add `$5.50 xx18` to the cash price of `$1306.62`,

you get `$99+ 1306.62+99 = $1405.62`

She owes `$1405.62` to the store.

If equal installments are going to be paid, she is going to pay off `$1405.62` in 18 months.

Now we can divide total money by 18.

Then we can get, `1405.62/18 = $78.09` per month.