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What is the amount of each month's payment when Ne bought two tops for 299 each and a ring for 140 he paid 1 by 6 of total cost at the time of purchase and the balance in 12 equal monthly installment?
Wiki User
∙ 12y ago
Total cost = 2*299 + 140 = 738
Initial payment = 1/6 * 738 = 123
Balance to be paid over 12 months = 738 - 123 = 615
Each month's repayment = 615/12 = 51.25
but the answer is 61.5 in my book how it can be?
Wiki User
∙ 12y ago
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