Concept explainers
To calculate: The price of installment of a notebook computer system if the down payment is
Answer to Problem 1ES
Solution:
The installment price for the notebook is
Explanation of Solution
Given Information:
The down payment is
Formula used:
Steps to find the amount of installment is as follows:
Step1: Determine the total amount of installments which is given by,
Step2: Determine the installment price which is given by,
Calculation:
Consider the amount of the installments
Evaluate the total amount of installments by multiply the number of installments with installment price.
Consider the down payment,
Evaluate the installment price by adding the total amount of installments with the down payment.
Thus, the installment price for the notebook is
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