Question

Maria has two options for buying a new computer. She can pay $750 right now, or she can pay $24.99 each month for 3 years. How much more will Maria pay if she makes payments for 3 years?

Answer 1

$149.64

Explanation:

Recall that there are 12 months in a year. Thus, 3 years would be 36 months.

$24.99 times 36 months comes to $899.64. To determine how much more Maria will pay by making monthly payments is $899.64 less $750, or $149.64.