Question

Verizon Wireless offers an internet plan for $20 a month plus a $20 setup fee. Consolidated Communications offers an internet plan for $25 a month plus $10 setup fee. After how many months will be equal? Which plan is more economical in the long term?

Answer 1

Answer:

Verizon Wireless offers better plan

Step-by-step explanation:

Now it is easiest to calculate an yearly cost for both companies.

First calculate cost for Verizon

If y is annual payment and x is monthly payment

Relation is

y = 20 + 12x

y = 20 + (12)(20)

y = 260

So for Verizon wireless, annual amount is $260

Now calculate cost for Consolidated Communication

If y is annual payment and x is monthly payment

Relation is

y = 10 + 25x

y = 10 + (12)(25)

y = 310

So for Consolidated Communication, annual amount is $310.

Here by comparison we can see that the offer of Verizon Wireless is better in long term.