Part A:
Given that <span>a dinette table with a cash price of $200 is purchased at $8.50 down and $11.00 per month for 24 months
The total installment price is given by
Part B:
The carrying charges is given by the total installation price minus the cash price.
From part a, we obtained that the total installation price is $272.50 and given that the cash price is $200.
Therefore, the carrying charges is given by
$272.50 - $200.00 = $72.00
Part C:
If the money is to be saved at $11 per month to be able to purchase the table at the cash price, the number of months it will take to be able to save $200 at $11 per month is given by
Therefore, it will take 19 months </span><span>to save the money at the monthly rate needed to buy the item for its cash price.</span>
Can you show the whole screen because I can help u
Answer:
r = 3/2
Step-by-step explanation:
ratio (r) is the number that, when multiplied by the previous (n-1) term, gives the nth term of the geometric sequence (). To find the common ratio, we can take any term and divide it by its preceding term (rearrange the formula to get ). If we take 24 and divide it by 16, we get the common ratio of 3/2 (, ).
Found this, maybe it helps
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