To determine how much of the \[tex]$3900 charge that Patrice made during the first month has been paid off, we need to look at the principal amounts paid each month over the 7 months period. The principal paid is the amount subtracted from the balance, excluding finance charges.
1. From the table, the principal amounts paid each month are as follows:
- Month 2: \$[/tex]42.25
- Month 3: \[tex]$41.79
- Month 4: \$[/tex]41.34
- Month 5: \[tex]$40.89
- Month 6: \$[/tex]40.45
- Month 7: \[tex]$40.01
2. To find the total amount of principal paid over these 7 months, we add these principal amounts together:
\[
\text{Total principal paid} = 42.25 + 41.79 + 41.34 + 40.89 + 40.45 + 40.01
\]
3. Adding these amounts:
\[
42.25 + 41.79 + 41.34 + 40.89 + 40.45 + 40.01 = 246.73
\]
Thus, the total amount of the \$[/tex]3900 charge that has been paid off is \[tex]$246.73.
The correct answer is:
B. \$[/tex]246.73
