Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price.

A dinette table with a cash price of $200 at $8.50 down and $11.00 per month for 24 months.

8.50 + 11 (24) = 272.50

The total price
Carrying charges 72.50

divide $11 into 200

To calculate the answers, we need to break down the given information and perform some calculations.

(a) The total installment price can be obtained by multiplying the monthly payment by the number of months and adding the down payment. In this case, the down payment is $8.50, the monthly payment is $11.00, and the number of months is 24.

Total installment price = (down payment) + (monthly payment x number of months)
Total installment price = $8.50 + ($11.00 x 24)
Total installment price = $8.50 + $264.00
Total installment price = $272.50

So the correct answer for (a) is $272.50.

(b) The carrying charges represent the additional charges associated with paying in installments instead of paying the cash price. In this case, as no interest rate or information on additional charges is provided, we'll assume there are no carrying charges. Therefore, the correct answer for (b) is $0.

(c) To determine the number of months needed to save the money at the monthly rate to buy the item for its cash price, we can divide the cash price by the monthly rate. In this case, the cash price is $200.

Number of months = (cash price) / (monthly payment)
Number of months = $200 / $11.00
Number of months ≈ 18.18

Since we cannot have fractional months, we round up to the nearest whole number. Therefore, the correct answer for (c) is 19 months.

Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price.

a racing bicycle with a cash price of $900 at $90.00 down and $40.50 per month for 24 months

a. $

b. $

c.

Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price.

a TV with a cash price of $600 at $59.00 per month for 12 months

Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price.

a TV with a cash price of $600 at $59.00 per month for 12 months

Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price.

a bunk bed with a cash price of $1,998, at $143 per month for 15 months