Ask Question
7 January, 15:27

You can buy a television for $825 cash or pay $75 down and the balance in 24 monthly payments of 42.25 is the installment price of the TV? By what percent would the installment price be greater than the cash price?

+3
Answers (1)
  1. 7 January, 17:20
    0
    32%

    Explanation:

    Cash = $825

    or

    Down Payment = $75

    24 Monthly Payments = $42.25

    So we can calculate the Installment Plan total amount by;

    = 75 + 24 (42.25)

    = $1089

    Now, Lets calculate the percentage of installment price greater than the cash price:

    $1089 - $825 = 264

    $264 / $825 = 32%

    Hence, by 32% installment price be greater than the cash price.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You can buy a television for $825 cash or pay $75 down and the balance in 24 monthly payments of 42.25 is the installment price of the TV? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers