160 is the first because 1 inches 20 but it says 2 inches so at 40+40+40+40
and the 2nd part is yes he is correct because he converted the inches into feet so i think he is also correct

6 0

2 years ago

Cedric purchased a new refrigerator and stove at Home Depot for $3,729 on a deferred payment plan with no down

lesya [120]

Answer:

correct option is d. $242.81

Step-by-step explanation:

given data

APR = 25.5% = $\frac{25.5}{12}$ = 2.125

paid = $3,729

solution

we get here finance charge on the 1st month by multiplying 3,729 and now adding it to existing balance

so we get finance charge for the second and third months similarly as

APR ÷ 100 = $\frac{2.125 }{100}$ = 0.02125

so 1st

= $3,729 × 0.02125

= 79.25

and

$3,729 + $79.25 = $3808.24

so for next

= $3808.24 × 0.02125

= 80.93

and

$3808.24 + $80.93 = $3889.17

so for next

= $3889.17 × 0.02125

= 82.64

and

$3889.17 + $ 82.64 = $3971.81

finance charge = 3971.81 - 3729

finance charge = 242.81

so correct option is d. $242.81

8 0

3 years ago