Urgent clarification needed for Consumer Arithmetic please! (1 Viewer)

saysesame

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I have a test tomorrow and I'm still confused about this.

Q: A and B buy a $1200 BBQ on a deferred payment plan, no deposit required. They pay nothing for 6 months and then they pay 18 monthly payments of $90. How much extra did A and B pay and what is the flat rate of interest charged?

How does one do the question when the IS deposit? Can someone show me the steps?
Thank you! :)
 

bladeys

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Sep 11, 2011
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I have a test tomorrow and I'm still confused about this.

Q: A and B buy a $1200 BBQ on a deferred payment plan, no deposit required. They pay nothing for 6 months and then they pay 18 monthly payments of $90. How much extra did A and B pay and what is the flat rate of interest charged?

How does one do the question when the IS deposit? Can someone show me the steps?
Thank you! :)
You sure you typed this up correctly? I dont see the difference between what A is doing and B is doing with regards to their payments for the BBQ
 

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