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10. A customer has two payment options at a local furniture store when purchasing appliances worth $6000. a) Option1 - Down payment of 15%. -
10. A customer has two payment options at a local furniture store when purchasing appliances worth $6000. a) Option1 - Down payment of 15%. - If paid off within 12 months, no interest charged. - If paid off after 12 months, simple interest is charged at 18% per year from the date of purchase. How much would the customer pay using this option if he made one payment for the entire balance after 12 months? 6000+10018%60061=6010.8 4 6010.8? 10a. (2marks) b) Option 2 - 5% down payment - Monthly payments of $275 for 2 years. How much would the customer pay if they chose this option
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