$9.47
I just multiplied the total by the refund percentage to get that number. It’s just like finding a tip.
Answer : $3403.53
Detailed Solution:
<span>principal was 10,675
interest rate was 4.75% per year compounded annually.
additional $939.25 was paid in service charges.
payment on the principal plus interest is shown below:
pv = 10675
i = .0475/12 = .0039583333... per month.
n = 9 * 12 = 108 months.
fv = 0
pmt = 121.6635... per month
total finance charge would be (108 * 121.6635... + 939.25 - 10675).
that equals to 13139.66 + 939.25 - 10675 = 3403.91
</span>
Answer is d, its simple....
Subtotal is the total amount of all the prices you ordered, and total is the sum of the subtotal and the tip.
So it’s neither of them...
