10. A customer has two payment options at a local furniture store when purchasing appliances worth $600 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? 10a. (2 marks) 019-02-20 Page 4 of 8 8: Financial Literacy Assignmen Mathematics 11 Financial Literacy 8: Send-In Assignme b) Option 2 5% down payment Monthly payments of $275 for 2 years. How much would the customer pay if they chose this option? 10b. (2 marks)