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german
1 month ago
4

Maria is considering buying a television and a refrigerator for her new apartment. Her monthly budget is $200.

Social Studies
2 answers:
OLga [1.6K]1 month ago
7 0

Answer:

a) If Maria chooses the rent-to-own plan, she will pay an additional $924...

b) She needs 4 months to afford the refrigerator.

Explanation:

a) Calculating the extra amount Maria pays with rent-to-own:

First, find the total cost for the year using the rent-to-own option.

The table shows a weekly payment of $27 for 52 weeks, totaling:

RTO = 27 × 52 = 1,404

Subtract the retail price of $480 to find the extra cost:

D = 1,404 - 480 = 924

Thus, with rent-to-own, Maria pays $924 more, essentially paying nearly three times the TV's price.

b) Time needed to buy the refrigerator:

Since it costs $800 and her budget is $200/month,

T = $800 ÷ $200 per month = 4 months

She can save enough in 4 months to buy the refrigerator.

OLga [1.6K]1 month ago
3 0

Answer:

Depending on the purchase timing, Maria will pay between $924 and $951 extra.

She can afford the refrigerator in 4 months.

Explanation:

There are approximately 52.3 weeks annually; based on when she starts payments, she might make 52 or 53 installments, summing $1,404 or $1,431. With the cash price at $480, the difference is either $924 or $951.

The refrigerator costs $800, and with her monthly $200 savings, she’ll be able to buy it after 4 months.

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