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 :

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

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Dannymal Dannymal

31-05-2014

1300 x 0.06 x 1 = 78
1300 + 78 = 1378
$1378

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