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Problem

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question

A $225 refrigerator can be purchased on the installment plan for 15% down. The balance due, along with a 7% a year service charge, is to be paid in 18 equal monthly payments. If Mr.Trautenpurchased the refrigerator on the installment plan, what was his down-payment? What was the amount of each monthly payment?

category

business

options

  1. $25 and $14.80
  2. $33.75 and $11.74
  3. $40 and $15
  4. $45 and $9.50
  5. $22.50 and $13.25
  6. $35 and $10
  7. $30 and $12
  8. $37.50 and $10.25
  9. $27 and $12.15
  10. $33.75 and $10.50

src

stemez-Business

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Source and history

upstream_id / Original problem ID
803
task_id
280186a9-d12e-517b-ad40-f8de7d5e69a0
task_key
default--test--803
task_revision_id
1
config / split
default / test

Official source

initial import