SOLUTION: What would be the total cost of a TV at bestbuy if the ticket price was $1799 and the store set up a simple intrest loan for 3 years with an intrest rate of 2.5%?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: What would be the total cost of a TV at bestbuy if the ticket price was $1799 and the store set up a simple intrest loan for 3 years with an intrest rate of 2.5%?      Log On


   

Question 778018: What would be the total cost of a TV at bestbuy if the ticket price was $1799 and the store set up a simple intrest loan for 3 years with an intrest rate of 2.5%?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
A = P*(1+rt)

A = 1799*(1+0.025*3)

A = 1933.925

A = 1933.93

So the total cost is $1,933.93