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26 April, 07:54

Mary Lee bought a stove for $460. She made a down

payment of $60 and paid $42 a month for 10 months.

Find the total installment price of the stove.

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Answers (2)
  1. 26 April, 08:06
    0
    Im pretty sure it is 20 dollars ... let me know if im right.
  2. 26 April, 08:20
    0
    The total price of the stove, after installments, was:

    $480.

    Step-by-step explanation:

    Although the stove had an initial value of $460, you should understand that when you purchase a product or service in installments, you regularly pay a little more than the initial cash value, due to some interest that is generated during that time, in this case, Mary Lee made a down payment of $60, and also made 10 monthly payments of $42, so it can be calculated as follows:

    Stove final value = $60 + ($42 * 10) Stove final value = $60 + $420 Stove final value = $480

    With which, you can deduce that the interest generated during the ten months was $20.
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