document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=131406>Question 131406</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The following problem is somewhat confusing. The answer I have is $470., but I don't think it's right. Could I have some help figuring it out. Thank you. Malik purchased a pair of roller blades that were $250. They were on sale for $180. He charged the roller skates on his credit card and made the min monthly payment of $20. When he recieved his first statement he read that the min finance charge was $15 for each month there was a balance on the card. If Malik waited until he had the $250 in hand to pay for the skates. How much would he save. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #95938 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=95938\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> He kept making the monthly payments of $20 and the $15 finance charge<BR>\n" );
document.write( "Until $180 is paid off by the $20 payments alone, because the finance<BR>\n" );
document.write( "charge does not count toward the $180.<BR>\n" );
document.write( "Let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P ALIGN=MIDDLE  ALT=\"P\"   DISABLED_style= \"max-width:90%; height:auto;\" >= his total payment for the skates<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P+=+180+%2B+%28180%2F20%29%2A15+-+15 ALIGN=MIDDLE  ALT=\"P+=+180+%2B+%28180%2F20%29%2A15+-+15\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "I subtracted $15 at the end because there is $0 balence left after<BR>\n" );
document.write( "the last payment<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P+=+180+%2B+9%2A15+-+15 ALIGN=MIDDLE  ALT=\"P+=+180+%2B+9%2A15+-+15\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P+=+180+%2B+135+-+15 ALIGN=MIDDLE  ALT=\"P+=+180+%2B+135+-+15\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P+=+300 ALIGN=MIDDLE  ALT=\"P+=+300\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "By paying the $250 regular price, he would have saved<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=300+-+250+=+50 ALIGN=MIDDLE  ALT=\"300+-+250+=+50\"   DISABLED_style= \"max-width:90%; height:auto;\" > dollars </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );