Gertrudis768 Gertrudis768
  • 30-05-2014
  • Mathematics
Answered

Jeff bought a refrigerator for $1300. He made a 10% down payment and financed the rest at 6% for one year. How much interest did he pay?



Answer :

Edmund
Edmund Edmund
  • 31-05-2014
[tex]Interest=Principal*Rate*Time[/tex]

[tex]Interest=1300*0.06*1[/tex]

[tex]Interest=78[/tex]

Jeff paid a total of $1,378.00 with an interest rate of 6% per annum
Answer Link
Dannymal
Dannymal Dannymal
  • 31-05-2014
1300 x 0.06 x 1 = 78
1300 + 78 = 1378
$1378
Answer Link

Other Questions

let f(x)=9x-2 and g(x)=-x+3. find f(g(x)).
why do we use a coeficient to remove the propotionality
If a store credit account charges 1.5% interest each month, what is the APR?
let f(x)=9x-2 and g(x)=-x+3. find f(g(x)).
Which choice is equivalent to the expression below? 5x sqrt 2 - 2 sqrt 2 + 2x sqrt 2 A. 7x sqrt 2 - 2 sqrt 2 B. 2x^2 sqrt 2 C. 3x sqrt 2 D. 7x^2 sqrt 2
Six nickels is what percent of one dollar? What percent of $2.00 would it be? Please help.
Ricky had 50 cookies and gave 72% of the cookies to his friend Alice. Find the number of cookies Alice receive
let f(x)=2x+2. solve f^-1(x) when x=4.
Ricky had 50 cookies and gave 72% of the cookies to his friend Alice. Find the number of cookies Alice receive
Ricky had 50 cookies and gave 72% of the cookies to his friend Alice. Find the number of cookies Alice receive