Question

The installment price of a watch is $274,38 with 6 monthly payments and a down payment of $30.00. Find the monthly payment.O A $40.73OB. $15.38O C. $20.62OD. $244.38

Answer 1

Answer:

The monthly payment is $40.73

The correct option is A

Explanation:

Given instalment price = $274.38

Down payment = $30.00

Remaining $274.38 - $30.00 = $244.38

To be paid in 6 months.

This means the monthly payment is:

$\frac{244.38}{6}=40.73$

The monthly payment is $40.73