Question

0

Introducción al crédito al consumo:Tutorial
O 60 months
Question
Amy is planning to purchase a laptop computer priced at $599 (including taxes). If she can save $60 per
month, how long will she have to wait before she has saved enough money to pay for her purchase in
cash?
Select the correct answer.
6 months
24 months
10 months
20 de 34
Submit
Guardar la sal

Answer 1

Amy will have to wait for 10 months before she has saved enough money to pay for her laptop in cash.

Step-by-step explanation:

To calculate how long Amy will have to wait before she has saved enough money to pay for her laptop purchase in cash, we need to divide the total cost of the laptop by the amount she can save each month:

Time = Total cost / Monthly savings

Time = $599 / $60 = 9.9833 months

Since we can't have a fraction of a month, we round up to the nearest whole month. Therefore, Amy will have to wait for 10 months before she has saved enough money to pay for her laptop in cash.

Learn more about saving money for a purchase