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.