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Shania bought a $1,455 drum set on an installment plan. The Installment agreement included a 15% down payment and 18 monthly payments of $80.78 each

a. How much is the down payment

b. What is the total amount of the monthly payments?

c. What is the total cost of the plan?

d. What is the finance charge?

Respuesta :

Cost Price=$1455
Down Payment=15% of $1455

a.Down Payment=(15/100)*1444=$218.25

b.Total amount of the monthly payment=$80.78*18=$1454.04

c.Total cost of the plan=$1454.04+$218.25=$1672.29

d.Finance charge=$1672.29-$1455=$217.29

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