The cost price of a refrigerator is $1850.00. A buyer who is given a discount of 5% for a cash purchase will pay

Step-by-step explanation:

In order to find a 5% discount off $1850, we have to realize 100% of something is the whole thing.

This means that a 5% discount makes the new cost % of the original.

To find 95% of a number, we can convert 95% into a decimal and multiply it by 1850.

When converting a percent to a decimal, we always divide the percent by 100.

We can now multiply 1850 by 0.95.

So the buyer only pats $1757.50.

Hope this helped!

one fourth of 9% = 2.25%

gavin is correct in saying : the equivalent quarterly interest rate would be

2.25%.