SOLUTION: Sam bought a new television for $440. If he paid 20% of this amount as a down payment, and paid the rest in 8 equal monthly installments, how much was the amount of each installmen

SOLUTION: Sam bought a new television for $440. If he paid 20% of this amount as a down payment, and paid the rest in 8 equal monthly installments, how much was the amount of each installmen

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Question 757400: Sam bought a new television for $440. If he paid 20% of this amount as a down payment, and paid the rest in 8 equal monthly installments, how much was the amount of each installments?
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
20% of $440 = $88
$440 - $88 = $352
$352 /8 = $44
Sam paid $44 per month
for the 8 months.
Hope this helps.
:-)
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