Question 18 Solve the problem Find the installment price of

Question 18

Solve the problem.

Find the installment price of a table bought on the installment plan with a down payment of $30 and 6 payments of $51.12.

$336.72

$30

$306.72

$366.72

Solution

Installment price = Down payment + No. of payments x Payment to be made each time

                           = $30 + 6 x $51.12

                           = $30 + $306.72

                           = $336.72

Option (A)