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19 December, 18:56

Giving Brainliest if right!

Mary is planning to buy a mobile phone that costs $500. She can choose any of five different payment plans with varying simple interest rates and periods:

plan 1: 6% for 10 months

plan 2: 8% for 12 months

plan 3: 10% for 14 months

plan 4: 12% for 18 months

plan 5: 14% for 12 months

Which plan offers the lowest monthly payments?

A. Plan 1

B. Plan 2

C. Plan 3

D. Plan 4

E. Plan 5

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Answers (1)
  1. 19 December, 20:08
    0
    D: Plan 4

    Step-by-step explanation:

    Mary is planning to buy a mobile phone that costs $500. She can choose any of five different payment plans with varying simple interest rates and periods:

    plan 1: 6% for 10 months $53 Mo

    plan 2: 8% for 12 months $45 Mo

    plan 3: 10% for 14 months $39.29 Mo

    plan 4: 12% for 18 months $31.11 Mo

    plan 5: 14% for 12 months $47.50 Mo

    Which plan offers the lowest monthly payments?

    A. Plan 1

    B. Plan 2

    C. Plan 3

    D. Plan 4 Correct

    E. Plan 5
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