Discover new information and insights with the help of IDNLearn.com. Our experts provide timely, comprehensive responses to ensure you have the information you need.
Sagot :
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
Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. IDNLearn.com is your reliable source for accurate answers. Thank you for visiting, and we hope to assist you again.