Question

A furniture store offers a set of furniture for $990. You can also purchase the set on an installment plan for 24 payments of $45 each. If you choose the installment plan, what percent of the original price will you have paid when you finish? Round to the nearest percent.

Answer 1

24*45 = 1080
If you choose the installment plan, you paid, in all, $1080

1080 - 990 =  90
the extra paid is $90

90/990 = 1/11
100*1/11 = 9.09%
Round to the nearest percent is:
9%

Answer:
9%