Jessica just bought a refrigerator for 570 . She paid 199.50 in a down payment and will pay the rest in 5 equal installments. How much does she need to pay for each installment?
is this Answer 74.10
You're right (assuming that there are no interest charges).
To get the answer, we need to subtract the down payment from the total cost of the refrigerator first.
Total cost of the refrigerator = $570
Down payment = $199.50
To find out how much Jessica needs to pay in installments, we subtract the down payment from the total cost:
$570 - $199.50 = $370.50
Now, we divide the remaining cost by the number of installments Jessica will make (5 in this case):
$370.50 รท 5 = $74.10
So, Jessica needs to pay $74.10 for each installment. Therefore, your answer is correct.