Lewis recently filed bankruptcy and now has a poor credit rating. he moved into an apartment and is setting up new accounts for his electric and cable. the deposits and connection fees for customers based on their credit rating are shown below. electric deposit electric connection fee cable deposit cable connection fee good rating $90 $50 $65 $75 poor rating $205 $75 $150 $110 how much more in deposits and fees will lewis pay to have his electric and cable turned on because of his bankruptcy? a. $260 b. $280 c. $360 d. $540

Respuesta :

Lewis has to pay $260 more to have his electricity and cable turned on because of his bankruptcy.

What is bankruptcy?

Bankruptcy is a legal proceeding involving a person or business that is unable to repay its outstanding debts.

Had Lewis not filed bankruptcy, he would have paid = 90+50+65+75

He would have paid (let us say amount A)= $280

After filing for bankruptcy he has to pay = 205+75+150+110

He has to pay (let us say amount B)= $540

Difference between amount A and amount B = $540-$280

Difference between amount A and amount B = $260

Therefore, Lewis has to pay $260 more to have his electricity and cable turned on because of his bankruptcy.

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