A 4-year magazine subscription costs $172 and may be canceled at any time, and a prorated refund will be made for the remaining weekly issues. If Marc cancels his subscription after receiving 42 issues in the 4th year, what refund would he get?
Assume there are exactly 52 weeks in a year. answer should be rounded to the nearest cent.
(52*4)-(52*3)/(52*4)
208-198/208
10/208
.048076923*172=$8.27
Is $8.27 correct?:S
Yes, that's correct.
yes
To determine the refund Marc would receive, we need to calculate the prorated refund for the remaining weekly issues.
In the 4 years of his subscription, there would be a total of 52 * 4 = 208 weekly issues.
Marc cancels his subscription after receiving 42 issues in the 4th year. This means there are 208 - 42 = 166 issues remaining in the subscription.
To calculate the prorated refund, we divide the remaining number of issues (166) by the total number of issues (208) and then multiply it by the cost of the subscription ($172).
So, the calculation would be:
(166/208) * 172 = 0.798076923 * 172 = $138.2692308
Rounding this to the nearest cent, the refund Marc would get is approximately $138.27, not $8.27.
Therefore, $138.27 is the correct amount.