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QuestionWhat is the total cost for layaway if the printer costs \$82 with a \$5 setup fee? Choose: (A) \$82 (B) \$82 + interest (C) \$87

Studdy Solution

STEP 1

Assumptions1. The initial cost of the printer is 82.Thelayawaymethodhasa82. The layaway method has a 5 set up fee3. The total cost of the printer using layaway includes the initial cost and the set up fee

STEP 2

To find the total cost using the layaway method, we need to add the initial cost of the printer to the set up fee.
Total cost=Initial cost+Set up feeTotal\, cost = Initial\, cost + Set\, up\, fee

STEP 3

Now, plug in the given values for the initial cost and the set up fee to calculate the total cost.
Total cost=$82+$5Total\, cost = \$82 + \$5

STEP 4

Calculate the total cost.
Total cost=$82+$=$87Total\, cost = \$82 + \$ = \$87The total cost of the printer using the layaway method would be $87.

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