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Krystal bought a refrigerator from a rental center for $1,050. She makes 16 monthly payments of $112.75 with her credit card. The rental center charges $1.25 for every payment made with a credit card. What is the total cost of the refrigerator?


$1,050


$1,804


$1,824


$2,052


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Verified Answer :

the total cost of the refrigerator was $1,824

Let

n--------> number of monthly payments

x-------> amount of monthly payments with Kristal's credit card

y-------> charges for every payment made with a credit card

T-------> total cost of the refrigerator

we know that

\(n=16\\x=\$112.75\\ y=\$1.25\\\)

the total cost of the refrigerator is equal to

\(T=n(x+y)\)

substitute the values in the formula

\(T=16*(112.75+1.25)\)

\(T=16*114\)

\(T=\$1,824\)

therefore

the answer is

the total cost of the refrigerator is equal to \(\$1,824\)