Question

QUESTION 5

Candice bought a precious stone gold ring for $219.98 on the installment plan. She will pay $26 a month for 10 months. How much is her total cost?
$245.98
$219.98
$260
$40.02
QUESTION 6
How much will Candice pay in finance charges?
$245.98
$219.98
$260
$40.02

Answer 1

c, d

Explanation:

26*10= 260 total paid

260-219.98 = 40.02

Answer 2

If Candice will pay $26 for 10 months, then she will be paying for the stone gold ring $260, because $26(10) = $260.

But, the normal price of the stone gold is $219.98, and she will pay $260. The financial charge would be the difference between these prices: $260-$219.98= $40.02

Therefore, the correct answers are $260 and $40.02