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Mr Jensen bought a set of living room furniture for $5646 he paid $500 at the first he then paid the remainder in equal payments every month for 7 months how much did he pay each month

Respuesta :

735.14. hope this helps

Cost if the living room furniture = $5646

Amount paid initially = $500

Amount left to be paid = [tex]5646-500=5146[/tex]

Let us assume that there is no interest on the remainder amount.

As given, the remainder amount is to be paid in 7 months equally so each month Mr. Jensen has to pay = [tex]\frac{5146}{7}[/tex] = 735.14

Hence, $735.14 is paid each month.

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