Answer:
The total price of the stove, after installments, was:
Step-by-step explanation:
Although the stove had an initial value of $460, you should understand that when you purchase a product or service in installments, you regularly pay a little more than the initial cash value, due to some interest that is generated during that time, in this case, Mary Lee made a down payment of $60, and also made 10 monthly payments of $42, so it can be calculated as follows:
- Stove final value = $60 + ($42 * 10)
- Stove final value = $60 + $420
- Stove final value = $480
With which, you can deduce that the interest generated during the ten months was $20.
