Question: Problem Set 1 Part 1 17. A department store offered a 23 % discount on particular freezers. They also stated that the first 50 customers

Problem Set 1 Part 1

17. A department store offered a 23 % discount on particular freezers. They also stated that the first 50 customers would receive an additional 10% discount off the sale price. If you plan to purchase one that sells for $1200 and you are among the first 50 customers, what will your total discount be (a) in dollar amount and (b) in percent

Problem Set 1 Part 2

17. You plan to purchase items for $3400 and will finance the cost with a fixed installment loan. The seller tells you that you will have to pay $115 per month for 36 months.

a. What is the finance charge?

b. What is the interest rate? (Round to the nearest hundredth)

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