MATHEMATICS MIDDLE SCHOOL

15. The annual rental charge for office furniture that Budget Blinds uses is $862.50. Insurance andusage charges come to 1.5% of the total. What is Budget's monthly payment?

Answers

Answer 1
Answer:

Answer:

The Budget's monthly payment is $72.95.

Step-by-step explanation:

The annual rental charge of Budget Blinds =  $862.50

Insurance and usage charges = 1.5% of $862.50

So, the charges are (1.5)/(100)  * 862.5 = 12.93

Hence, the additional charge is $12.93

So, the total payment yearly =  $862.50 + $12.93 = $875.43

So, the monthly payment = $875.43 / 12

= $72.95

Hence, the Budget's monthly payment is $72.95.

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Answers

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