I need help on finals plsssssss
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well, we're assuming all along that Merina owes Bradford $2000, because in the 1st scenario, she was going to pay twice $1000.
on the 2nd scenario, she'll be paying the same $2000 but split 7 months from now and then 7 months later, same 2000 bucks, at which point Bradford applied 8.5% interest.
using those assumptions, since the wording is not quite clear, we can say that Merina is simply paying 2000 bucks plus the 8.5%
The percentage of reduction is 17%
<u>Explanation:</u>
Original price = $21
Reduced price = $17.43
Percentage of reduction = ?
Difference in price = $21 - $17.43
= $3.57
Percentage of reduction =
Therefore, percentage of reduction is 17%