Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing an electron

Question

Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing an electronic reader for $140. Check all that apply.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $140.
If Mo pays cash, the cost of the purchase will be $140.
If Mo uses the credit card and pays off the balance at $30 a month for 7 months with no late fees, the cost of the purchase will be $143.34.
If Mo pays cash, the cost of the purchase will be $135.80.
If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

I want an actual explanation, not just an answer please

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Kim Cúc 4 years 2021-08-03T20:39:46+00:00 1 Answers 34 views 0

Answers ( )

  1. Nick
    0
    2021-08-03T20:41:20+00:00
    Reply

    Answer:

    B: If Mo pays cash, the cost of the purchase will be $140.

    E: If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.

    F: If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

    Step-by-step explanation:

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