Jerry buys a $2,700 motorcycle on a deferred payment plan. there is no down payment and no interest foreighteen months. jerry must make a minimum payment of $75 a month. to avoid a retroactive apr of 21%, hemust pay the balance in full before the 18 months has passed. if he pays $75 each month, how much should hepay the last month to avoid the interest charges?

In last month, Jerry should pay $1425

Step-by-step explanation:

Cash price for the motorcycle = $2700

Minimum Payment that is to be made each month = $75

Time after which interest will be charged = 18 months

So, to find the last payment which is to be made at 18th month , we need to find the total amount paid till 17 months which is = 17 × Monthly Payment

= 17 × 75 = $1275

So, the remaining amount which is to be paid in 18th month to avoid interest charges = 2700 - 1275 = $1425

i would have to say it is c.

the simplified form is

step-by-step explanation:

we want to simplify the expression,

let us change the middle bar to a normal division sign to obtain,

we multiply the first fraction by the reciprocal of the second fraction to obtain,

we factor to obtain,

we cancel the common factors to get,

we simplify to get,

the correct answer is b