Krystal bought a refrigerator from a rental center for $1,050. She makes 16 monthly payments of $112.75 with her credit card. The rental center charges $1.25 for every purchase made with a credit card. What is the total cost of the refrigerator?
My answer is $1824 dollars
$112.75 * 16 plus $1.25 * 16 = $1824
2 answers
Why multiply $1.25 * 16, when she only made one purchase?
She made more than one payment of 1.25 she payed off the refrigerator over 16 months and each month she used her credit card so every time she payed with her credit card they added on an extra 1.25 and this happened 16 times.