Answer :
To determine the total amount that Jerome has paid in interest over the 7 months, we need to look at the "Finance charges" column of the provided table. The finance charges represent the interest fees Jerome has been charged each month.
Here is the breakdown of the finance charges over the 7 months:
1. Month 1: \[tex]$0.00 2. Month 2: \$[/tex]33.00
3. Month 3: \[tex]$32.84 4. Month 4: \$[/tex]32.67
5. Month 5: \[tex]$32.51 6. Month 6: \$[/tex]32.34
7. Month 7: \[tex]$32.18 To find the total amount paid in interest, we need to sum these finance charges. Adding them up: \[ 0.00 + 33.00 + 32.84 + 32.67 + 32.51 + 32.34 + 32.18 = 195.54 \] Thus, the total amount that Jerome has paid in interest over the 7 months is: \[ \$[/tex]195.54 \]
The correct answer is:
A. \$195.54
Here is the breakdown of the finance charges over the 7 months:
1. Month 1: \[tex]$0.00 2. Month 2: \$[/tex]33.00
3. Month 3: \[tex]$32.84 4. Month 4: \$[/tex]32.67
5. Month 5: \[tex]$32.51 6. Month 6: \$[/tex]32.34
7. Month 7: \[tex]$32.18 To find the total amount paid in interest, we need to sum these finance charges. Adding them up: \[ 0.00 + 33.00 + 32.84 + 32.67 + 32.51 + 32.34 + 32.18 = 195.54 \] Thus, the total amount that Jerome has paid in interest over the 7 months is: \[ \$[/tex]195.54 \]
The correct answer is:
A. \$195.54