Question

Xavier buys a computer for $525, which includes taxes. He pays for the computer over a 12-month period by paying $48.13 per month. Which statement about Xavier’s purchase is most likely true? He used a debit card to make the purchase and paid exactly $525 for the computer. He used a debit card to make the purchase and paid an additional $52.56 in interest. He used a credit card to make the purchase and paid exactly $525 for the computer. He used a credit card to make the purchase and paid an additional $52.56 in interest.

Answer 1

Answer:

He used a credit card to make the purchase and paid an additional $52.56 in interest.

Step-by-step explanation:

Xavier buys a computer for $525, which includes taxes.

He pays for the computer over a 12-month period by paying $48.13 per month.

In 12 months he pays = $12\times48.13=577.56$

Interest he paid over $525 is = $577.56-525=52.56$

So, if he used a credit card then he has to pay back with interest.

If he would have paid by debit card, he would not have paid the interest as all the money would have been paid once.

So, last option is correct.  He used a credit card to make the purchase and paid an additional $52.56 in interest.

Answer 2

He bought the computer for $525. He paid $48.13 for 12 months. The total payment is:

Total amount paid = $48.13 * 12 months

Total amount paid = $577.56

Difference = $577.56 - $525 

Difference = $52.56

Therefore, it is not true that "he bought the computer with No interest", maybe "He used a credit card to make the purchase and paid an additional $52.56 for the interest. "