Question

Kellie bought a washer and dryer from a rental center for $2,350. She makes 16 monthly payments of $203.75 with her credit card. The rental center charges a $1.75 fee for every late payment made with a credit card. What is the total cost of the washer and dryer if each payment is late?

Answer 1

16:* $1.75 = $28
$2,350 + $28 = $2,378

Answer 2

$3,288

Explanation:

The cost of washer and dryer = $2,350

Kellie makes 16 monthly payments with her credit card = $203.75

Now the cost would be = 203.75 × 16

= $3,260

The rental center charges a fee for every late payment = $1.75

she made each payment late so her late fees = 1.75 × 16

= $28

Now the total cost = 3,260 + 28

= $3,288

The total cost of the washer and dryer is $3,288