Question
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9. Sean plans to buy a new tablet for \( \$ 315 \). The store offers him an interest- free payment plan that allows him to pay in monthly installments of \( \$ 25 \). a) How much will Sean still owe after one payment? After two payments? After three payments?

Ask by Davey Adkins. in the United States
Jan 23,2025

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Answer

After 1 payment: \$290 owed After 2 payments: \$265 owed After 3 payments: \$240 owed

Solution

To determine how much Sean will still owe after each payment, subtract the installment amount from the remaining balance. **Initial Cost of the Tablet:** \$315 **Monthly Installment:** \$25 1. **After One Payment:** \[ \$315 - \$25 = \$290 \] **Remaining Balance:** \$290 2. **After Two Payments:** \[ \$290 - \$25 = \$265 \] **Remaining Balance:** \$265 3. **After Three Payments:** \[ \$265 - \$25 = \$240 \] **Remaining Balance:** \$240 **Summary:** - **After 1 payment:** \$290 owed - **After 2 payments:** \$265 owed - **After 3 payments:** \$240 owed

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After one payment of \$25, Sean will still owe \( \$ 315 - \$ 25 = \$ 290 \). After two payments, he's down to \( \$ 290 - \$ 25 = \$ 265 \). By his third payment, Sean will owe \( \$ 265 - \$ 25 = \$ 240 \). So, it’s shaping up to be quite the shopping quest! If Sean keeps up this rhythm, he will completely own that shiny tablet after 13 payments, totaling to \( \$ 325 \). Just make sure he doesn’t forget about his budget—those little expenditures can sneak up on you!

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