Lewis recently filed for bankruptcy and now has a poor credit rating. He moved into an apartment and is setting up new accounts for his electric and cable. The deposits and connection fees for customers based on their credit rating are shown below.

\begin{tabular}{|c|c|c|c|c|}
\hline & Electric Deposit & \begin{tabular}{c} Electric Connection \\ Fee \end{tabular} & Cable Deposit & \begin{tabular}{c} Cable Connection \\ Fee \end{tabular} \\
\hline Good Rating & [tex]$\$[/tex] 90[tex]$ & $[/tex]\[tex]$ 50$[/tex] & [tex]$\$[/tex] 65[tex]$ & $[/tex]\[tex]$ 75$[/tex] \\
\hline Poor Rating & [tex]$\$[/tex] 205[tex]$ & $[/tex]\[tex]$ 75$[/tex] & [tex]$\$[/tex] 150[tex]$ & $[/tex]\[tex]$ 110$[/tex] \\
\hline
\end{tabular}

How much more in deposits and fees will Lewis pay to have his electric and cable turned on because of his bankruptcy?

a. [tex]$\$[/tex] 260[tex]$
b. $[/tex]\[tex]$ 280$[/tex]
c. [tex]$\$[/tex] 360[tex]$
d. $[/tex]\[tex]$ 540$[/tex]



Answer :

To determine how much more Lewis will pay in deposits and fees for his electric and cable services due to his poor credit rating, we need to calculate the total costs for both good and poor credit ratings and then find the difference.

Let's start by adding up the deposits and fees for a person with a good credit rating:

1. Electric Deposit: [tex]$90 2. Electric Connection Fee: $[/tex]50
3. Cable Deposit: [tex]$65 4. Cable Connection Fee: $[/tex]75

Total cost for good credit:
[tex]\[ 90 + 50 + 65 + 75 = 280 \][/tex]

Next, let's add up the deposits and fees for a person with a poor credit rating:

1. Electric Deposit: [tex]$205 2. Electric Connection Fee: $[/tex]75
3. Cable Deposit: [tex]$150 4. Cable Connection Fee: $[/tex]110

Total cost for poor credit:
[tex]\[ 205 + 75 + 150 + 110 = 540 \][/tex]

Finally, to find out how much more Lewis will pay due to his poor credit rating, we need to calculate the difference between the total costs for poor and good credit ratings:

Difference:
[tex]\[ 540 - 280 = 260 \][/tex]

Therefore, Lewis will pay \[tex]$260 more in deposits and fees due to his poor credit rating. The correct answer is: a. \$[/tex]260