Math / Numbers & Operations

QuestionQuestion 11 (1 point) You purchased a new washer and dryer for \ $1,263.02 (including sales tax and delivery). Financing was used for the full purchase price and the payments are$ \ $142.53$ per month for 12 months. What is the cost for the loan (interest paid)?

Studdy Solution
Perform the subtraction to find the interest paid.
$\text{Interest paid} = 1,710.36 - 1,263.02 = 447.34$
The cost for the loan (interest paid) is:
$\boxed{447.34}$

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