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Andreyy89
3 years ago
15

The $1,008 paid by the Nobles(problem one) to buy the refrigerator included an interest charge of $135. What was the cash cost o

f the refrigerator?
Problem one:
Mr. and Mrs. Jack Nobles bought a refrigerator for $1,008. They agreed to make 12 equal payments. How much more that $50 will each payment be?

Answer to Problem one: $34
Mathematics
1 answer:
Gnoma [55]3 years ago
5 0

Answer:

cost of the refrigerator = $873

$34 will be more than $50 each payment

Step-by-step explanation:

Given data

principal = $1008

interest = $135

installment = 12

to find out

the cash cost of the refrigerator and  How much more that $50 will each payment

Solution

cost of the refrigerator = principal - interest      ...........1

put the value principal and interest in equation 1

cost of the refrigerator = $1008 - $135

cost of the refrigerator = $873

we have installment 12 for $1008 i.e.

each installment = $1008 / 12

each installment = $84

for last part $84 each installment so we can say $84 - $50 = $34

$34 will be more than $50 each payment

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