Question

maria is considering buying a television and a refrigerator for her new apartment. her monthly budget is $200.

item	rent - to - own payments	installment plan	retail price
refrigerator	$28 per week for one year	$80 per month for 12 months	$800

maria will pay an extra $924 if she uses the rent - to - own program to buy the television, rather than waiting until she saves up enough money to pay cash for it.

if she saves her money and pays cash, she can purchase a refrigerator in
4 months
7 months
10 months

Explanation:

Step1: Calculate total rent - to - own cost for television

The rent - to - own payment for the television is $27 per week for one year. There are 52 weeks in a year. So the total rent - to - own cost for the television is $27\times52 = 1404$. The retail price of the television is $480. The extra amount paid for the television is $1404 - 480=924$, which matches the given value.

Step2: Calculate time to save for refrigerator

The retail price of the refrigerator is $800. Maria's monthly budget is $200. To find out how many months she needs to save, we use the formula $time=\frac{cost}{monthly\ savings}$. So $time = \frac{800}{200}=4$ months.

Answer:

4 months