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Christina's purchasing a new TV. She was approved to finance the TV with zero interest. If Christina gives a one-time payment of $300 and pays $65 per month, how much has she paid in 5 months? (show work)



Answer :

Given:

One time payment, p = $300

Payment per month, q = $65

Number of months paid, n = 5

The objectiv is to find the amount she paid in 5 months.

Let x be the amount she paid in 5 months. Then the the formula is,

[tex]x=p+nq[/tex]

Let's substitute the values.

[tex]\begin{gathered} x=300+5(65) \\ x=300+325 \\ x=625 \end{gathered}[/tex]

Hence, total amount paid in 5 months is $625.

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