You have a land-line telephone that costs $25.95/month plus a utilities tax of 4.5% APR. How much will you pay for your telephone use in a year? (1 point) Responses $312.57 $312.57 $311.40 $311.40 $325.41 $325.41 $479.56 $479.56
To calculate the total cost for your land-line telephone use in a year, you need to add the monthly cost to the utility tax.
Monthly cost of the land-line telephone: $25.95
Annual cost of the land-line telephone: $25.95 * 12 = $311.40
Utility tax: 4.5% of the annual cost = ($311.40 * 4.5) / 100 = $13.91
Total cost for your telephone use in a year: $311.40 + $13.91 = $325.31
So, you will pay $325.31 for your telephone use in a year.