Question

1) Chase wants to buy a Playstation 5 for $500. He is considering two payment plans that require weekly payments. Which plan will pay for the Playstation faster? Explain. BUDGET: $500 Plan A:$180 down and $40/wk payments Plan B: $0 down and $50/wk payments​

Answer 1

Answer: plan A

Explanation:

plan A:
$500 - $180 = $320 remaining --> $320 ÷ $40 per week = 8 weeks
You would be paying $40 for 8 weeks to fully pay off the Playstation.

plan B:
$500 ÷ $50 per week = 10 weeks

You would be paying $50 for 10 weeks to fully pay off the Playstation.