Advanced Algebra

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

  1. 👍 0
  2. 👎 0
  3. 👁 983
  1. Why multiply $1.25 * 16, when she only made one purchase?

    1. 👍 0
    2. 👎 1
  2. 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.

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    Customers have two options when renting video games from a rental store. Plan A requires a $5 monthly fee and a $1 per video rental. Plan B requires $8 monthly fee and $0.75 per video rental. How many video rentals would be

  2. Math

    Dave takes out a 24-year mortgage of 290000 dollars for his new house. Dave gets an interest rate of 14.4 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 68th

  3. Maths

    Dave takes out a 27-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 14.4 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 70th

  4. math

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 16%

  1. Math

    Dave takes out a 23-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 13.2 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 65th

  2. UOP

    Assuming Alexa receives $20,000 in gross rental receipts, answer the following questions: a. What effect does the rental activity have on her AGI for the year? b. Assuming that Alexa’s AGI from other sources is $90,000, what

  3. Finance

    Dave takes out a 30-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 16.8 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 68th

  4. economics

    Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate (c) The effective annual interest rate

  1. math help please

    Sue Stitch buys a sewing machine. The price, including tax, is $575.00. She finances the sewing machine over 24 months after making a $25 down payment. The true annual interest rate is 15%. What are Sue's monthly payments

  2. MATH

    Levi would like to use a credit card to make a $3000 purchase. He is considering two credit options. The first requires a down payment of $1000 followed by monthly payments of $125. The second requires a down payment of $1300

  3. math

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 15%

  4. math 4

    Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay? A. 29.09 B. 68.75End of exam C. 14.55 D. 34.38 Please explain to me

You can view more similar questions or ask a new question.