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You want to go on a vacation to the Grand Canyon. You can buy a package
from a travel agency that costs $3,300 per person. You can pay in installments after a 15% down
payment. You will have 12 monthly payments of $260 each.
f) How much is the down payment?
g) What is the total amount of all the monthly payments?
h) What is the total cost of the snow blower on the installment plan (down payment plus monthly
payments)?
i) What is the finance charge (the amount you paid in interest)?
j) What percent of the original price is the finance charge?

Sagot :

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