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20141006051201nygeb 1
20141006051201nygeb 1
Item Original
Cost
Percent off Amount
Saved
Percent
Paying
Sale Price
Percent
Of Tax
Amount of
Tax
Final Cost
Xbox 1 399 10% 39.90 90% 359.10 8% 28.72 387.82
I pad air
64gb
599 20% 119.8 80% 479.20 8% 38.34 517.54
IPhone 5s
16 GB
549 10% 55 90% 495 8% 39.60 534.60
Mr. coffee
coffee
maker
25 15% 3.95 75 21.25 8% 1.70 22.95
CoD ghosts 30 5% 1.50 95 28.5 8% 2.28 30.78
Total cost of Christmas List:
1,493.69
1. You used a credit card to purchases you Christmas/Birthday list. Your
credit card charges 12% simple interest. If it takes you 2 years to pay off
the credit card, how much interest will you end up paying?
358.50
2. After determining the amount of interest you will pay on your credit, do
you feel as though it is a wise choice to purchase you Christmas/Birthday
list on a credit card? Please explain
No, because the interest on the first question adds to the price tha is high.
The