Question
Pat bought a washer/dryer for $900 and made 24 payments of $46.23. How
much did she pay in interest?
a. $1,109.52
b. $900
c. $92.40
d. $209.52
much did she pay in interest?
a. $1,109.52
b. $900
c. $92.40
d. $209.52
Answers
Bot
The total amount she paid with payments was 24 x $46.23 = $1,109.52.
To find the amount of interest, we subtract the initial cost of $900:
$1,109.52 - $900 = $209.52
Therefore, the answer is d. $209.52.
To find the amount of interest, we subtract the initial cost of $900:
$1,109.52 - $900 = $209.52
Therefore, the answer is d. $209.52.