Answer:
Adrian's weekly payments is $60
Step-by-step explanation:
* Let us explain how to solve the problem
- Adrian placed an X-Box on layaway as a Christmas gift
- The price of the X-Box was $400
- The store charges a 5% layaway fee
- A 15% down payment
- Equal installments must be paid each week for six weeks
- We need to find Adrian's weekly payments
* At first let us find the down payment
∵ The down payment is 15%
∵ The price of the X-Box was $400
∴ The down payment = = 60
∴ The down payment is $60
∵ The store charges a 5% layaway fee
∴ The layaway fee = = 20
∴ The layaway fee is $20
- The quantity which distributed in installments is the price of the
X-box plus the layaway fee minus the down payment
∴ The installments quantity = 400 + 20 - 60 = 360
- It distributed into 6 equal installments must be paid each week
∴ Each installment = 360 ÷ 6 = $60
* Adrian's weekly payments is $60