SOLUTION: Della is buying living room furniture by making monthly payments. She paid $250 as a down payment and her monthly payment is $75 if the loan is interest free and the furniture cos
Algebra ->
College
-> Linear Algebra
-> SOLUTION: Della is buying living room furniture by making monthly payments. She paid $250 as a down payment and her monthly payment is $75 if the loan is interest free and the furniture cos
Log On
Question 1143947: Della is buying living room furniture by making monthly payments. She paid $250 as a down payment and her monthly payment is $75 if the loan is interest free and the furniture cost $2500 how many months will it take her to pay off the furniture? Found 2 solutions by ikleyn, Theo:Answer by ikleyn(52915) (Show Source):
You can put this solution on YOUR website! 2500 is the cost of the furniture.
250 down makes the balance due equal to 2250.
2250 / 75 = 30 months
that's the number of months it will take to completely pay off the cost of the furniture assuming there is no interest charge.
30 * 75 + 250 = 2500.
