Question

question 2 (1 point)
a consumer has a credit card with a $12,000 limit. the consumer is interested in buying the following items:

• a new tv for $1,500
• $2,500 in supplies and tools from home depot
• a new laptop and ipad for $1,500 total
• $4,000 in new appliances
• $8,000 of home repairs

will the consumer be able to charge all of that on their credit card?
o a yes, because you can charge as much as you want on credit cards
o b yes, because the consumer did not reach their credit limit.
o c no, because the consumer would go past their credit limit.
o d no, because you can only use credit cards at one store.

Explanation:

Step1: Calculate total cost

Add up the costs of all items: \(1500 + 2500+1500 + 4000+8000\)

$$
LATEXBLOCK0
$$

Step2: Compare with credit limit

The credit - limit is \(12000\). Since \(17000>12000\), the consumer would go past their credit limit.

Answer:

C. No, because the consumer would go past their credit limit.