27
QuizMultiple Choice

Unit Test — Unit test

Question 27 • Algebra II - MA3111 CR

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.

AI-written and checked against the verified answer.

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