39
QuizMultiple Choice

Topic Test

Question 39 • FowU - Financial Math - B

Megan’s TV had a base price of $189 and the sales tax was 6.88%. Over the next four years, the TV consumed an average of $0.06 of electricity every day. It also needed repairs twice, costing $29 each time. After four years, Megan got a new TV. What was the lifetime cost of Megan’s TV? (Remember that one in every four years is a leap year.)

Answer
A
$357.68
B
$318.66
C
$347.66
D
$351.65

Explanation

The TV’s purchase price including tax was $189 × 1.0688 = $202.0032. Four years include 1,461 days, so electricity cost $1,461 × $0.06 = $87.66, and the two repairs cost 2 × $29 = $58. The total was $202.0032 + $87.66 + $58 = $347.6632, or $347.66, choice c.

AI-written and checked against the verified answer.

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