If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about how much is the amount of add-on interest? O $130 O $500 O $13

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.5: Percents
Problem 9P
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Hello ?? I need the answer please 

Use estimation to select the best response. Do not calculate.
If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about how much is the amount of add-on interest?
O $130
$500
$13
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Transcribed Image Text:Use estimation to select the best response. Do not calculate. If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about how much is the amount of add-on interest? O $130 $500 $13 Need Help? Read It Watch It
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