Question

Sam purchased a new cell phone for $150 down and 12 payments of $56 each. What is the total purchase price for the new cell phone?

Answer 1

Downpayment = 150 dollars

Then, he needs to pay 56 dollars a month, as installment, for 12 months.

That would account to:

56 * 12 = 672 dollars

Hence,

Total Payment for phone = 672 + 150 = $822