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Naomi wants to buy a new computer for $840. She is considering two payment plans that require weekly payments. Which plan will pay for the computer faster?

Naomi Wants To Buy A New Computer For 840 She Is Considering Two Payment Plans That Require Weekly Payments Which Plan Will Pay For The Computer Faster class=

Sagot :

Answer

Plan A will pay for the computer faster (11 months, compared to 12 months with plan B).

Explanation

Naomi wants to raise $840

She has two payment plans

We've been asked to find out which plan is faster.

Plan A

She pays $180 down and pays $60 weekly to reach $840.

After paying $180 down, she will have 840 - 180 = $660 to pay

Paying $60 weekly, she will pay $660 in (660/60) = 11 weeks

Plan B

She pays $0 down and pays $70 weekly to reach $840.

Paying $70 weekly, she will pay $840 in (840/70) = 12 weeks

We can easily see that plan A will pay for the computer faster (11 months, compared to 12 months with plan B).

Hope this helps!!!

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