Tariq uses a buy now, pay later service to purchase headphones for $360.
He pays a $60 deposit upfront, with the remaining balance split into 4 equal fortnightly payments.
No interest is charged if all payments are made on time.
Tariq misses his final payment. He is charged a late fee of $12, plus a further $6 per week until the missed payment is made. Tariq pays the missed payment 3 weeks late.
- What is the amount of each fortnightly payment? (1 mark)
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- What is the total amount Tariq pays for the headphones? (2 marks)
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