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23 April, 12:03

You purchased a new smart-phone. The cost to you is $39.95 per month for 2 years. Warranty coverage is $12.99 per month. What is the total cost of your phone with the warranty after two years?

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  1. 23 April, 15:26
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    The total cost of the phone is $1,270.56

    Explanation:

    The total cost of the phone is computed as:

    Total cost = Cost of phone for 2 years + Cost of warranty coverage for 2 years

    where

    Firstly, the cost of phone for 2 years is computed as:

    Cost of phone = (For first year) Per month Cost * 12 months + (For second year) Per month Cost * 12 months

    = $39.95 * 12 + $39.95 * 12

    = $ 479.4 + $479.4

    =$958.8

    Then, the Cost of warranty coverage for 2 years is computed as:

    Cost of warranty = (For first year) Per month Cost * 12 months + (For second year) Per month Cost * 12 months

    = $12.99 * 12 + $12.99 * 12

    = 155.88 + $155.88

    = $311.76

    Therefore, the total cost would be:

    Total cost = $958. 8 + $311.76

    = $1,270.56
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