Question

Mark purchased a new refrigerator that sells for $1300 including tax and delivery. He paid $350 down and the remaining cost in five equal monthly payments. What were his monthly payments?

Answer 1

$ 190.00 a month.

Explanation:

$350.00 subtracted from $1300.00 equals $950.00. $950.00 divided by 5 equals the amount of money Mark payed each of his remaining payments.