Question

A lawnmower costs $284, and the six-year extended warranty on the lawnmower costs 17% as much as the lawnmower itself. What is the effective price per year of the extended warranty?

Answer 1

I just took the test online. The answer is $8.05. Hope this helps!

Answer 2

$8.05 is the effective price per year of the extended warranty.

Explanation:

The cost of the lawnmower is = $284

The six year extended warranty on the lawnmower costs 17% as much as the lawnmower itself.

This means
`0.17*284=48.28` is the warranty for 6 years.

So, per year effective price is =
`(48.28)/(6)= 8.0466` ≈ $8.05

Therefore, $8.05 is the effective price per year of the extended warranty.