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Somehow or other I got talked into buying something on the installment.............What were my payments the first year?

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Somehow or other I got talked into buying something on the installment plan. I'm not sure I got a good deal. The payments to date, according to my checkbook, have reached $96. The second year cost $2.00 more than the first year; the third year cost $3.00 more than the second; and the fourth year cost me $4.00 more than the third.
What were my payments the first year?

posted Jan 11, 2016 by Divya Bharti

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1 Answer

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1st year = x
2nd year =x+2
3rd year =x+5
4th year = x+9

sum of all these = 4x+16 = 96
x=$20

answer Jan 16, 2016 by Tejas Naik



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