[Answered] A refrigerator costs 800 on an installment plan that requires a down payment of 140 and monthly ...

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segrsyd

Hero Member
Posts: 530

on: Jun 24, 2018

A refrigerator costs 800 on an installment plan that requires a down payment of 140 and monthly payments for 12 months. What are the monthly payments of the plan?

Question 2

Todd Smith paid 891.75 in interest on a 9-month note for 8,200. What rate of interest did Todd pay on the note?

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14vl19

Sr. Member
Posts: 310

Reply #1 on: Jun 24, 2018

Answer to Question 1

55

Answer to Question 2

14.5

segrsyd

Hero Member
Posts: 530

Reply #2 on: Jun 24, 2018

Thank you

14vl19

Sr. Member
Posts: 310

Reply #3 on: Jun 24, 2018

Happy to help you

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