Question

The Fernandos bought a 55” LED Television. It had a cash prize of Php 98,700. They agreed to pay for it in six (6) months with monthly payments. If the carrying charge was Php 7,800 what was their installment payment?

Answer 1

If the carrying charge was Php 7,800, then their installment payment is:

$(98,700 + 7,800)/6 = 17,750.$