Results 1 to 2 of 2

Math Help - another story problem

  1. #1
    Member
    Joined
    Dec 2006
    Posts
    93
    Awards
    1

    Smile another story problem

    Rochelle purchased an wide screen TV that cost $1815.44 with interest included. She paid $350 as a down payment and agreed to pay the remainder in 24 monthly payments. What amount will she be paying per month?


    I think I know the answer I just can't seem to write the the formula to match it. my guess is around $60 a month
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Grand Panjandrum
    Joined
    Nov 2005
    From
    someplace
    Posts
    14,972
    Thanks
    4
    Quote Originally Posted by Patience View Post
    Rochelle purchased an wide screen TV that cost $1815.44 with interest included. She paid $350 as a down payment and agreed to pay the remainder in 24 monthly payments. What amount will she be paying per month?


    I think I know the answer I just can't seem to write the the formula to match it. my guess is around $60 a month
    Total cost T=1815.44 dollars,

    Down payment D=350 dollars

    Total owed = T - D = 1465.44

    This is to be paid in M=24 equal repayments P, so:

    P=(T-D)/M=1465.44/24=61.06 dollars.

    RonL
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Story Problem
    Posted in the Pre-Calculus Forum
    Replies: 1
    Last Post: December 15th 2011, 12:26 AM
  2. story problem
    Posted in the Algebra Forum
    Replies: 5
    Last Post: June 3rd 2010, 09:40 PM
  3. Story problem help...
    Posted in the Algebra Forum
    Replies: 2
    Last Post: May 9th 2009, 05:36 PM
  4. Story Problem Help please
    Posted in the Calculus Forum
    Replies: 0
    Last Post: February 23rd 2007, 12:48 AM
  5. help with story problem
    Posted in the Math Topics Forum
    Replies: 1
    Last Post: December 8th 2006, 11:00 AM

Search Tags


/mathhelpforum @mathhelpforum