A consumer makes a $400 down payment on a television that costs $1,570. Which of the following is the number of months it will take to pay off the television with monthly payments of $100? (Assume that no interest is owed)
A. 12
B. 16
C. 15
D. 11
Hire purchase cost=down payment + total monthly installment
Total monthly payment=hire purchase cost-down payment= $(1570-400)=$ 1170
Number of months=total monthly payment/monthly payment=$1170/$100=11.7 months
The consumer will clear the balance in 12 months.
Therefore, the Correct Answer is A.
More Questions on TEAS 7 Math
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Q #1: A homeowner has hired two people to mow his lawn. If person A is able to mow the lawn in 2 hr by herself and person B is able to mow in lawn in 3 hr by himself. Which of the following is the amount of time it would take for both person A and B to mow the lawn together?
A. 5 hours
B. 2.5 hours
C. 1.2 hours
D. 1 hours
Answer Explanation
We know that the two people work on the same work but the time to complete the work differs. Thus, the rate of doing the work for each person is as follows:
Rate of work for person A = 1 /2 work per hr
Rate of work for person B=1/3 work per hour
If person A and B work together, the time of doing the same work will be less than the fastest person A. Thus, we combine the two rates of A and B
We have 1 work and time to complete by both A and B becomes
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Q #2: The table shows healthcare spending per capita in a group of African nations. Based on this information, which of the following countries had the greatest change in dollars spent per capita from 2013 to 2015?
A. Eritrea
B. Sudan
C. Tanzania
D. Kenya
Answer Explanation
To find a solution to this, we need to find the change in spending between the year 2013 and 2015 for each country. Change is difference in amount spent in 2015 and 2013 for each country:
Sudan=$(24-17)= $7
Eritrea=$(42-56)= - $14
Nigeria = $(21-16)= $5
Tanzania =$(81-68) = $13
Rwanda = $(24-27) =-$3
Kenya = $(88-81) = $8
A Minus sign means a decrease in spending. From the above calculations, Eritrea had the GREATEST change in dollars spent while Rwanda had the LEAST change in dollars spent.
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Q #3: Which of the following expressions represents the sum of three times a number and eight times a different number?
A. 3x+8y
B. 8x+3x
C. 3x-8y
D. 8x-3y
Answer Explanation
Let two numbers be x and y. Then
Three time a number=3x
Eight times a different number = 8y
Sum of the two is 3x+8y
