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ch4aika [34]
3 years ago
5

Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing

an electronic reader for $140. Check all that apply.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $140.
If Mo pays cash, the cost of the purchase will be $140.
If Mo uses the credit card and pays off the balance at $30 a month for 7 months with no late fees, the cost of the purchase will be $143.34.
If Mo pays cash, the cost of the purchase will be $135.80.
If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

I want an actual explanation, not just an answer please
Mathematics
1 answer:
agasfer [191]3 years ago
8 0

Answer:

B: If Mo pays cash, the cost of the purchase will be $140.

E: If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.

F: If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Step-by-step explanation:

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