4.1b Consumer Credit

Monique buys a $4700 air conditioning system using an installment plan that requires 15% down. How much is the down payment?

• $507

• $705

• $775

• $855

Tags

CCSS.7.RP.A.3

Craig wants to purchase a boat that costs $1,420. He signs an installment agreement requiring a 20% down payment. He currently has $250 saved. Does he have enough for the down payment.

• yes as 250 is more than 284

• no he needs 54 more dollars

• yes he has 100 dollars more than he needs

• no as he is 34 dollars short

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Jean bought a $1,980 snow blower on the installment plan. The installment agreement included a 10% down payment and 18 monthly payments of $116 each. How much is the down payment?

• $198

• $298

• $1,420

• $1136

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Jean bought a $1,980 snow blower on the installment plan. The installment agreement included a 10% down payment and 18 monthly payments of $116 each. What is the total amount of the monthly payments (not including the down payment)?

• $2096

• $2286

• $2088

• $116

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Jean bought a $1,980 snow blower on the installment plan. The installment agreement included a 10% down payment and 18 monthly payments of $116 each. How much in total did she pay for the machine?

• $2088

• $2286

• $2108

• $2385

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.NS.A.3

Jean bought a $1,980 snow blower on the installment plan. The installment agreement included a 10% down payment and 18 monthly payments of $116 each. What is the finance charge?

• $306

• $386

• $116

• $2288

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Zeke bought a $2300 bobsled on the installment plan. He made a $450 down payment, and he has to make monthly payments of $93.50 for the next two years. How much interest will he pay?

• $382

• $272

• $93.50

• $394

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Zeke bought a $2300 bobsled on the installment plan. He made a $450 down payment, and he has to make monthly payments of $93.50 for the next two years. How much in total will he pay back?

• $2300

• $394

• $2694

• $2752

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Zeke bought a $2300 bobsled on the installment plan. He made a $450 down payment, and he has to make monthly payments of $93.50 for the next two years. What percent was his down payment to the nearest percent?

• 18

• 22

• 5

• 20

Tags

CCSS.7.RP.A.3

Store A requires a 1/3 down payment on all installment plans and Store B requires a 30% down payment. Which store requires the lowest down payment?

• Store A

• Store B

Tags

CCSS.7.RP.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3