Sagot :
Given:
Television Cost - P38,000
Down payment - 20%(P38,000) = P7,600
fractional part = 20/100 = ⅕ of the price was paid
Balance = Television Cost - Down payment = P38,000 - P7,600 = P30,400
Monthly payment = Balance payment/settlement time = P30,400/24 months = P1,266.67 per month