Question 1 Choose the one alternative that best completes th

Question 1

Choose the one alternative that best completes the statement or answers the question. 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.

$366.72

$30

$336.72

$306.72

Solution

Installment Price = Down Payment + Additional Monthly Payments

=> $30 + 6 * $51.12

=> $30 + $306.72

=> $336.72

Hence the correct answer is Option C