Solve the Problem. -Joe Is Buying Some Kitchen Equipment for His New Apartment

question 178

Multiple Choice

Solve the problem.
-Joe is buying some kitchen equipment for his new apartment. The total cost is $3700 and he places a down payment of $370. There is add-on interest of 9%. Find the total interest Joe will pay if it takes
Him 3 year(s) to pay for his purchase?

• A)$89,910.00
• B)$899.10
• C)$299.70
• D)None of the above is correct.

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