Jack purchased a new stereo that sells for $1200 including tax and delivery. He paid $750 down and the remaining cost in five equal monthly payments. What were his monthly payments?

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Answer to a math question Jack purchased a new stereo that sells for $1200 including tax and delivery. He paid $750 down and the remaining cost in five equal monthly payments. What were his monthly payments?

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Tiffany

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103 Answers

Total cost:

1200

Amount paid down:

750

Remaining cost:

1200 - 750 = 450

Number of monthly payments:

Monthly payment:

\frac{450}{5} = 90

Therefore, his monthly payments were

\$90

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