Question

Calculate the total installment price the carrying charges in the number of months needed to save them money at the monthly rate to buy the item below for its cash price the computer with the cash price of 750 offered on the installment plan for 39 per month for 24 months

Answer 1

• the total installment is $936
• the carrying charges are $186
• the monthly rate to buy the items are 19.23 or 20 months

Step-by-step explanation:

$39 for 24 months comes to ...

$39 × 24 = $936

The "carrying charges" are the difference between the cash price and the installment price:

$936 -750 = $186

Saving at the rate of $39 per month, it would take ...

$750/$39 = 19.23 months about 20 months to save up the cash price.

Often, such savings would come from a once-a-month paycheck, so it would take more than 19 such paychecks to save the required amount.

hope it will help :)