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Question

# You can buy a sewin g machine for $625 cash or pay$125 down and the balance in 12 monthly payments of \$46. What is the installment price? By what percent would your installment price be greater than the cash price , to the nearest tenth percent?

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In this exercise, we are to calculate the installment price of a sewing machine if it can be bought for $\625$ cash or be payed a downpayment of $\125$ and 12 monthly payments of $\46$. Then, we calculate by what percentage is the installment price greater than the cash price.

What calculations and values are needed so that we can find the installment price?

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