12
QuizMultiple Choice

Warranties

Question 12 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

The extended warranty on a ceiling fan is 18% of the purchase price. If the price of the fan is $140, how much is the warranty?

Answer
A
$7.78
B
$25.20
C
$18.72
D
$12.86

Explanation

Find 18% of the $140 purchase price: 0.18 × 140 = $25.20. Therefore, the warranty costs $25.20, which is choice b.

AI-written and checked against the verified answer.

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