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Need help with this please.



Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price a TV with a cash price of $600 at $59.00 per month for 12 months



A. the choices are


708.00


698.00


688.00



B. the choices are


88.00


108.00


98.00



C. the choices are


10


11


9

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sqdancefan

Answer:

  a) 708.00

  b) 108.00

  c) 11

Step-by-step explanation:

a) The cost is $59 for each of 12 months, so the total cost is ...

  12×$59 = $708

__

b) The "carrying charges" are the difference between what is paid and the cash price:

 $708 -600 = $108

__

c) Saving at the rate of $59 per month, it will take ...

  $600/($59/mo) ≈ 10.17 mo

to save the money. The amount saved will be $590, or $10 short of the required amount after 10 months, so it will take 11 months to save enough for the cash purchase.

Answer:

 a) 708.00

 b) 108.00

 c) 11

Step-by-step explanation:

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