4. **Suzie makes a purchase of $160 and is charged 7.85% for sales tax. What is the total cost of the purchase if Suzie charges it on a credit
card with a daily interest rate of 0.042% and pays the balance off at the end of 30 days? Round to the nearest cent
Hint: 1st, calculate the total cost of the purchase, which includes the sales tax. It is $160+($160 sales tax). Don't forget to change to
decimal before multiplying.
2nd, what will the interest per day be? You can find this by multiplying 0.042% (change to decimal first) by the total cost of the purchase you
found in 1st step. Now multiply the interest you found by 30 days, and add it to the total cost of the purchase.
a. $172.56
b. $174.73
c. $190.77
d. $200.26