The amount paid for the refrigerator is $740.25.
<h3>How to calculate the price?</h3>
From the information, the sale price of a new refrigerator is $705 and sales tax is figured at 0.05 times the price.
The price of the refrigerator will be:
= $705 + (0.05 × $705)
= $705 + $35.25
= $740.25
Therefore, the amount paid for the refrigerator is $740.25
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