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Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing an electronic reader for $140. Check all that apply.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $140.
If Mo pays cash, the cost of the purchase will be $140.
If Mo uses the credit card and pays off the balance at $30 a month for 7 months with no late fees, the cost of the purchase will be $143.34.
If Mo pays cash, the cost of the purchase will be $135.80.
If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

I want an actual explanation, not just an answer please

Sagot :

librtyy

Answer:

B: If Mo pays cash, the cost of the purchase will be $140.

E: If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.

F: If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Step-by-step explanation:

If Mo pays in cash, the cost of the purchase will be $140. Then the correct options are B, E, and F.

What is APR?

APR on a credit card is the way of saying that the interest you are charged over a year is equal to roughly of your balance.

Mo has a credit card that gives a 3% discount on every purchase.

The annual percentage rate on the card is 12%.

He is purchasing an electronic reader for $140.

The cost of the purchase will be $139.89 if Mo uses the credit card and pays off the balance at $20 per month for 7 months with no late penalties.

The price of the order will be $135.80 if Mo uses the credit card and pays the full balance throughout the billing cycle.

More about the APR link is given below.

https://brainly.com/question/8846837

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