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Carl wants to buy a television that cost $500, including taxes. To pay for the television, he will use a payment plan that requires him to make a down payment of $125, and then pay $72.50 each month for six months. What is the percent increase from the original cost of the television to the cost of the television using the payment plan?

Answer :

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Answer:

Step-by-step explanation:

Original cost of the television = $500

Cost using the payment plan = Down payment + EMI's for 6 months

                                                  = $124 +72.5*6

                                                  = $560

Percentage increase =

                                 =

                                 =  60/5

                                 = 12%

Hence, the percent increase from the original cost of the television to the cost of television using the payment plan = 12% (C)

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