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
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.
Your calculation is partially correct, but you missed an additional charge for the initial purchase of the refrigerator. Let's go through the steps to calculate the total cost correctly:
1. Calculate the total payments for the refrigerator:
$112.75 * 16 = $1,804
2. Calculate the total additional charges for using a credit card:
$1.25 * 16 = $20
3. Add the total payments and additional charges to find the total cost:
$1,804 + $20 = $1,824
Therefore, the correct total cost of the refrigerator is $1,824.
To calculate the total cost of the refrigerator, you need to consider the monthly payments and the additional charges for using the credit card.
First, calculate the total amount paid in monthly payments:
$112.75 * 16 = $1804
Next, calculate the additional charges for using the credit card:
$1.25 * 16 = $20
Now, you can add the monthly payments and the additional charges together to get the total cost:
$1804 + $20 = $1824
So, the total cost of the refrigerator is $1824.