A flat screen tv costs $1,306.62. A monthly fee of $5.50 is added if it is paid in installments. Marisa will pay for the tv over 18 months. How much will she pay each month?

1 Answer
Oct 31, 2016

#$78.09# per month for 18 months.

Explanation:

#$78.09# per month for 18 months.

You add #$5.50 xx18# to the cash price of #$1306.62#,

you get #$99+ 1306.62+99 = $1405.62#

She owes #$1405.62# to the store.

If equal installments are going to be paid, she is going to pay off #$1405.62# in 18 months.

Now we can divide total money by 18.

Then we can get, #1405.62/18 = $78.09 # per month.