Xavier buys a computer for $525, which includes taxes. He pays for the computer over a 12-month period by paying $48.13 per month. Which statement about Xavier's purchase is most likely true?

Question

Hope Spears

Business

15 June, 08:29

Xavier buys a computer for $525, which includes taxes. He pays for the computer over a 12-month period by paying $48.13 per month. Which statement about Xavier's purchase is most likely true?

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Rocco Anthony · Answer 1

He bought the computer for $525. He paid $48.13 for 12 months. The total payment is:

Total amount paid = $48.13 * 12 months

Total amount paid = $577.56

Difference = $577.56 - $525

Difference = $52.56

Therefore, it is not true that "he bought the computer with No interest", maybe "He used a credit card to make the purchase and paid an additional $52.56 for the interest."