Answer:
The correct answer option is c. $8.05.
Step-by-step explanation:
We are given that a lawnmower costs $284, and the six-year extended warranty on the lawnmower costs 17% as much as the lawnmower itself.
We are to find its effective price per year of the extended warranty.
So, the amount of six year warranty = [tex] \frac { 17 } { 100 } \times 284 [/tex] = $48.28
Price of warranty per year = [tex] \frac { 48.28 } { 6 } [/tex] = $8.05
