Answered

IDNLearn.com offers a collaborative platform for sharing and gaining knowledge. Join our interactive Q&A platform to receive prompt and accurate responses from experienced professionals in various fields.

James is shopping for hiking boots for a trip he will take in 3-months. He has $150 saved and is saving $20/week. The boots he wants are normally $240, but are on sale this weekend for 20% off. Should James....

Sagot :

Fichohidn

Answer:

Use his savings to buy the shoes now and put the amount he is short on a credit card.

Step-by-step explanation:

Due to the discount on sale, then it is advisable James buys with his savings and put the balance amount on his credit card. By virtue if the discount, James will be able to save ;

(0.2* $240) = $48. This discount will be a good bargain and will be unavailable by the time his savings can buy in full. However, since James has a repayment channel (his $20/week) saving, then he can put the amount left to balance in his credit card and sort his credit balance later.

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.