Answered

Maria is considering buying a television and a refrigerator for her new apartment. Her monthly budget is [tex]$200.

| Item | Rent-to-own payments | Installment plan | Retail price |
|--------------|-------------------------------|---------------------------------|--------------|
| 50-inch TV | $[/tex]27 per week for one year | [tex]$71 per month for 12 months | $[/tex]480 |
| Refrigerator | [tex]$28 per week for one year | $[/tex]80 per month for 12 months | $800 |

1. Maria will pay an extra _____ 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.

2. If she saves her money and pays cash, she can purchase a refrigerator in _____ months.



Answer :

Let's solve the problem step-by-step.

### 1) Extra Cost for Buying the Television using Rent-to-Own Program
Retail price of the television: \[tex]$480 Rent-to-own payments for the television: \$[/tex]27 per week for one year.

First, we calculate the total cost of owning the television through the rent-to-own program:
[tex]\[ \text{Total Rent-to-own Cost for TV} = 27 \text{ (dollars/week)} \times 52 \text{ (weeks)} = 1404 \text{ dollars} \][/tex]

Next, we find out the extra cost for using the rent-to-own program instead of paying the retail price:
[tex]\[ \text{Extra Cost for TV} = \text{Total Rent-to-own Cost for TV} - \text{Retail Price} \][/tex]
[tex]\[ \text{Extra Cost for TV} = 1404 - 480 = 924 \text{ dollars} \][/tex]

So, Maria will pay an extra [tex]\( \$924 \)[/tex] 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.

### 2) Time Needed for Saving to Buy the Refrigerator in Cash
Retail price of the refrigerator: \[tex]$800 Maria's monthly budget: \$[/tex]200

To find the number of months Maria needs to save enough money to pay cash for the refrigerator, we divide the retail price by the monthly budget:
[tex]\[ \text{Months to Save for Fridge} = \left\lfloor \frac{800 \text{ dollars}}{200 \text{ dollars/month}} \right\rfloor = 4 \text{ months} \][/tex]

Since the remainder (800 mod 200 = 0) is zero, there is no need to add an extra month.

So, if Maria saves her money and pays cash, she can purchase a refrigerator in 4 months.

### Final Answer
1. Maria will pay an extra [tex]\( \$924 \)[/tex] if she uses the rent-to-own program to buy the television.
2. If she saves her money and pays cash, she can purchase a refrigerator in 4 months.