Joe is hiring some kitchen equipment for his new apartment. The total cost is $3500 and his places a down payment of $350. There is add-on interest of 6%. What is the total amou…

Question

asked Oct 17, 2024 108k views

1 Answer

Sarat Patel · Answer 1 · 2024-10-22T02:08:54+0000

Answer:

$3360

Explanation:

Total amount financed = Total cost - Down payment + Add-on interest

Total amount financed= $3500 - $350 + ($3500 × 0.06)

= $3500 - $350 + $210

= $3360