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Mathematics 11 Online
OpenStudy (anonymous):

Algebra, a furniture store offers a set of furniture for $990. You can also purchase the set on an installment plan for 24 payments of $45 each. If you choose the installment plan, what percent of the original price will you have paid when you finish?? Please i want an answer not a proportion

jimthompson5910 (jim_thompson5910):

if you pay "24 payments of $45 ", then how much do you pay total?

OpenStudy (anonymous):

so 24*45?? @jim_thompson5910

jimthompson5910 (jim_thompson5910):

which equals what

OpenStudy (anonymous):

$1080

jimthompson5910 (jim_thompson5910):

good

jimthompson5910 (jim_thompson5910):

now you divide that total by the original price

OpenStudy (anonymous):

so by 990?

jimthompson5910 (jim_thompson5910):

yes

OpenStudy (anonymous):

which is 1.090909090909090909090909

jimthompson5910 (jim_thompson5910):

now multiply that by 100 to get the percentage

OpenStudy (anonymous):

ok so 109%

jimthompson5910 (jim_thompson5910):

good

OpenStudy (anonymous):

thank you

jimthompson5910 (jim_thompson5910):

you're welcome

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