Question

Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full amount was immediately withdrawn from his bank account. Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid $21.30 for the next 18 months until the bill was paid in full. The full payment included $58.60 in interest. Which statement describes Sal’s purchase?

Answer 1

Because Sal paid for the purchase in full at the time he bought the car stereo, his total at the time was $442.00. Jen bought the same identical car stereo and her payments of $21.30 a month for 18 months equaled $383.40. Add to this total $58.60 in interest and the final total would be $442.00.