Ask Question
1 October, 08:32

A store sells a television for $1000. Customers can choose to receive a 10% discount and pay it off with a loan at a simple interest rate of 4%, or they can choose to pay full price and pay it off in 3 years with no interest. If the customer pans to pay it off in 3 years, which option is better?

+3
Answers (1)
  1. 1 October, 09:01
    0
    I=PRT

    P=principal

    r=rate in decimal

    t=time in years

    first one

    10% off is 100 less or 900

    I=900*0.04*3

    I=108

    900+108=1008

    2nd one

    full price is 1000

    1008>1000

    cheaper to just pay it whtout interest
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A store sells a television for $1000. Customers can choose to receive a 10% discount and pay it off with a loan at a simple interest rate ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers