Question

Lucy made 12 monthly payments of $28.54 with her credit card for a video game system she rented. She is charged a credit card fee of $4.25 for each payment made with a credit card. She was also required to pay late fees five times in the amount of $31.75. What is the total cost of the video game system?

Answer 1

total payment -processing fees -late fees
12 x $28.54 - 12x$4.25 -$31.75

Answer 2

that'll give me the answer?

Answer 3

the 12 payments include both the cost for the video gaming system as well as processing fees and late fees. so subtracting the fees leaves the cost of the system itself

Answer 4

I got 259.73

Answer 5

yep, I also get $259.73

Answer 6

I'm not sure if the processing fee is included in the 12 payments?

Answer 7

if not, then the 12 payments were only the splitted cost
and the late fees

in that case system costs
12 x $28.54 -$31.75

Answer 8

310.73?

Answer 9

yes

Answer 10

the late fees are definitely not the cost of the video game system in store
that's why they are subtracted

Answer 11

wait a moment

Answer 12

forget everything

cost of system was:
12 x $28.54 + 12x$4.25 +$31.75

Answer 13

$425.23

Answer 14

all additional costs are also due to the video game system

Answer 15

so it can be counted towards the video game system

Answer 16

$342.48

$393.48

$501.23

$552.23
these r the answer choices...

Answer 17

D) $552.23
is the total cost with:
- credit card processing fees
- 5 months missing to bring back the console (late fees)
- the renting cost for 12 months

Answer 18

how did u figure that out?
im so confused!

Answer 19

I added everything together. every point adds new cost:

1.) 12 monthly payments $28.54 each
2.) 12 times the processing fee for every monthly payment
3.) 5 times late fees of $31.75

Answer 20

I guess the late fees were paid with cash in store because they
don't seem to add more processing fees.

Answer 21

thank you! I finally got it :)