574
QuizMultiple Choice

Modeling with Rational Functions — Unit test

Question 574 • Crowley Credit Recovery Algebra II B

A hospital sends an invoice to a patient. The patient schedules a payment plan in which she makes an initial payment of $1,451 the first month and then pays one-third of the previous month’s payment each of the following months until the invoice is paid in full. Approximately how much of the invoice will be paid after the fourth month?

Answer
A
$1,451.00
B
$2,095.89
C
$2,149.63
D
$2,167.54

Explanation

Each month’s payment is one-third of the previous month’s payment. The first four payments are $1,451, about $483.67, about $161.22, and about $53.74. Their sum is about $2,149.63, so the answer is C) $2,149.63.

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