Sam wants to buy a new computer that costs $2625. He makes a down payment of $50 and pays off the balance in 10 equal monthly payments. what is the monthly payment

Answer 1

This would be the basic equation.

Let x = monthly payment amount

Total cost = Down Payment +monthly payment x number of months

2625=50+10x Now solve. Subtract 50 from both sides

2575=10x Divide both sides by 10

$257.50=x

Answer 2

Begin by subtracting your downpayment from your initial balance of $2,625 for the computer as given in the question.

> $2,625.00 (given) - $50.00 (given) = $2,575 (answer)

The amount remaining, which is $2,575 after the down payment, will be the amount due to pay off over 10 monthly equal payments. 10 monthly equal payments is a given in this word problem.

By stating "equal" in the question, we know we can divide our remaining amount of $2,575 by 10 monthly payments and get the answer to what Sam will pay monthly with all of the payments being equal.

> $2,575/10 payments = $257.50

The math gives us a solution of $257.50 to pay each month for ten months for Sam to pay for the new computer.