xavier buys a computer for $525, which includes taxes. he pays for the computer over a 12 - month period by…

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? he used a debit card to make the purchase and paid exactly $525 for the computer. he used a debit card to make the purchase and paid an additional $52.56 in interest. he used a credit card to make the purchase and paid exactly $525 for the computer. he used a credit card to make the purchase and paid an additional $52.56 in interest.

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? he used a debit card to make the purchase and paid exactly $525 for the computer. he used a debit card to make the purchase and paid an additional $52.56 in interest. he used a credit card to make the purchase and paid exactly $525 for the computer. he used a credit card to make the purchase and paid an additional $52.56 in interest.

Answer

Explanation:

Step1: Calculate total amount paid

He pays $48.13 per month for 12 months. So the total amount paid is $48.13\times12$. $48.13\times12 = 577.56$

Step2: Calculate interest paid

The cost of the computer including taxes is $525. The interest paid is the total amount paid minus the cost of the computer. $577.56 - 525=52.56$ Since he is paying in installments over time and paying extra (interest), he likely used a credit - card.

Answer:

D. He used a credit card to make the purchase and paid an additional $52.56 in interest.