Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to

Question

4 years ago

5

save the money at the monthly rate to buy the item for its cash price. a wedding dress with a cash price of $1,250, at $93 per month for 15 months

2 answers:

Montano1993 [528] · Answer 1 · 2021-12-04T12:32:05+03:00

7 0

Answer:A=$13905.00

B=$145.00

C=$14

Step-by-step explanation: odyssey ware

elena-14-01-66 [18.8K] · Answer 2 · 2021-12-04T11:31:00+03:00

Answer:

(a) $1395

(b) $145

(c) $14

Step-by-step explanation:

Cash price of the wedding dress = $1250

time = 15 months , and monthly payment = $93

(a) Total investment price = Monthly payment × Time

= 93 × 15

=$1395

(b) the carrying charges for the wedding dress = total investment price - actual cash price of the dress

= 1395 - 1250

= $145

(c) No. of months needed to save the money to buy the dress at its cash price on a monthly rate :

$=\frac{cash\thinspace price}{monthly\thinspace payment}\\=\frac{1250}{93}=13.44\approx14 months$