IDNLearn.com provides a collaborative environment for finding and sharing knowledge. Discover thorough and trustworthy answers from our community of knowledgeable professionals, tailored to meet your specific needs.
Sagot :
To find the total amount that Jerome has paid in interest over the 7 months, we need to sum up the finance charges for each month.
Let's take a look at the finance charges listed for each month:
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]3.34
7. Month 7: \[tex]$32.18 Now, let's add these values together: \[ 0.00 + 33.00 + 32.84 + 32.67 + 32.51 + 3.34 + 32.18 \] Adding these amounts step-by-step: \[ 0.00 + 33.00 = 33.00 \] \[ 33.00 + 32.84 = 65.84 \] \[ 65.84 + 32.67 = 98.51 \] \[ 98.51 + 32.51 = 131.02 \] \[ 131.02 + 3.34 = 134.36 \] \[ 134.36 + 32.18 = 166.54 \] Therefore, the total amount of interest paid over the 7 months is \(\$[/tex] 166.54\).
Hence, the correct answer is:
D. [tex]\( \$ 195.54 \)[/tex]
Let's take a look at the finance charges listed for each month:
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]3.34
7. Month 7: \[tex]$32.18 Now, let's add these values together: \[ 0.00 + 33.00 + 32.84 + 32.67 + 32.51 + 3.34 + 32.18 \] Adding these amounts step-by-step: \[ 0.00 + 33.00 = 33.00 \] \[ 33.00 + 32.84 = 65.84 \] \[ 65.84 + 32.67 = 98.51 \] \[ 98.51 + 32.51 = 131.02 \] \[ 131.02 + 3.34 = 134.36 \] \[ 134.36 + 32.18 = 166.54 \] Therefore, the total amount of interest paid over the 7 months is \(\$[/tex] 166.54\).
Hence, the correct answer is:
D. [tex]\( \$ 195.54 \)[/tex]
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.