Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

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?

Sagot :

Edmund
[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
1300 x 0.06 x 1 = 78
1300 + 78 = 1378
$1378
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.