Question
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
Real Tutor Solution
Tutor-Verified Answer
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
Reviewed and approved by the UpStudy tutoring team
Like
error msg
Explain
Simplify this solution
Mind Expander
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!