martin davis purchased a wide - screen television for $1480. he made a down payment of 15% and paid the…

martin davis purchased a wide - screen television for $1480. he made a down payment of 15% and paid the balance over 5 months. the finance charge was 5% of the amount financed. find the down payment, the installment price of the television, and the monthly payment.\npart: 0 / 3\npart 1 of 3\nthe down payment on the television was $

martin davis purchased a wide - screen television for $1480. he made a down payment of 15% and paid the balance over 5 months. the finance charge was 5% of the amount financed. find the down payment, the installment price of the television, and the monthly payment.\npart: 0 / 3\npart 1 of 3\nthe down payment on the television was $

Answer

Explanation:

Step1: Calculate down - payment amount

The down - payment is 15% of the purchase price of $1480. So we use the formula: Down - payment = 15%×1480. Down - payment = 0.15×1480

Step2: Perform the multiplication

0.15×1480 = 222

Answer:

222