Question

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

Answer 1

Hi there

(a) the total installment price
93×15=1,395

(b) the carrying charges
1,395−1,250=145

(c) the number of months needed to save the money at the monthly rate to buy the item for its cash price.
1,250÷93=13

Good luck!