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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
4.5
103 Answers
Total cost: 1200

Amount paid down: 750

Remaining cost: 1200 - 750 = 450

Number of monthly payments: 5

Monthly payment: \frac{450}{5} = 90

Therefore, his monthly payments were \$90.

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