* VERY Advance Algebra With Financial * Kate bought a washer from a rental center for $875.63. She makes 12 monthly payments of $88.38 with her credit card. The rental center charges $2.50 for every purchase made with a credit card. She also had to pay late fees in the amount of $45 four different times. What is the total cost of the washer? $1,090.56 $1,060.56 $1,270.56 $1,240.56
88.38 x 12 = 1060.56 2.50 x 12 = 30 45 x 4 = 180 Option 3 $1,270.56
@Joel_Atkins how you get 1,270.56
I showed my working out above?
12 Monthly payments of $88.38. 88.38 x 12 = 1060.56 $2.50 extra per credit card charge (12 in total, or you could just add 2.50 onto the 88.38). 2.50 x 12 = 30 Late fees of $45 for 4 different occasions. 45 x 4 = 180
@Joel_Atkins did you subtract or add 1060.56 ,30 ,180 ? all together ?
I added them, you weren't being paid that extra, you were paying that extra. All those multiplications are charges.
Join our real-time social learning platform and learn together with your friends!