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 Delgado Powell. 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, we'll subtract the monthly installment from the remaining balance each time.
**Total Cost of the Tablet:** \$315
**Monthly Payment:** \$25
Let's calculate the remaining balance after each payment:
---
### After One Payment
- **Initial Balance:** \$315
- **Payment:** \$25
- **Remaining Balance:**
\$315 - \$25 = **\$290**
### After Two Payments
- **Previous Balance:** \$290
- **Payment:** \$25
- **Remaining Balance:**
\$290 - \$25 = **\$265**
### After Three Payments
- **Previous Balance:** \$265
- **Payment:** \$25
- **Remaining Balance:**
\$265 - \$25 = **\$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
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Explain 
Simplify this solution Mind Expander
After making one payment of \( \$ 25 \), Sean will owe \( \$ 315 - \$ 25 = \$ 290 \). After two payments, he will owe \( \$ 315 - 2 \times \$ 25 = \$ 265 \). After three payments, Sean will owe \( \$ 315 - 3 \times \$ 25 = \$ 240 \). So, he will still owe \( \$ 290 \), \( \$ 265 \), and \( \$ 240 \) after one, two, and three payments, respectively. Now, isn't it interesting how budgeting can help in making such purchases easier? Staying aware of your finances and breaking payments down can make a big purchase feel less daunting! Plus, it’s always good to keep an eye out for hidden fees or terms that could sneak up on you in a payment plan.
