Pat bought a washer/dryer for $900 and made 24 payments of $46.23. How

Question

much did she pay in interest?

Answer 1

Total amount paid = 24 payments * $46.23 = $1,109.52
Amount paid in interest = Total amount paid - Cost of washer/dryer
Amount paid in interest = $1,109.52 - $900
Amount paid in interest = $209.52

Pat paid $209.52 in interest.