Verizon has a cell phone plan for $28.00 per month plus $.30 per minute with unlimited anytime network minutes and a free flip phone for new customers. How do I put this in an equation. Sprint has a plan for $30.00 per month plus $.029 per minute unlimited minutes on weekend, but you must purchase a $70.00 phone with a $40.00 rebate and sign up for a 2 year contract.
Which one of these plans is a better deal?
why would you want a flip phone smh
To determine which plan is the better deal, we need to compare the total cost of each plan over a certain time period. Let's use a monthly basis for comparison.
For Verizon's plan:
Cost per month = $28.00 (fixed cost) + ($0.30 x minutes used)
For Sprint's plan:
Cost per month = $30.00 (fixed cost) + ($0.029 x total minutes in a month used)
To consider the cost of the free flip phone, we can divide its cost over the 2-year contract period.
Let's assume that the average number of minutes used per month is 500.
For Verizon's plan:
Cost per month = $28.00 + ($0.30 x 500) = $28.00 + $150.00 = $178.00 per month
For Sprint's plan:
Cost per month = $30.00 + ($0.029 x 500) = $30.00 + $14.50 = $44.50 per month
Now let's calculate the cost of the phone for Sprint's plan:
Phone cost = $70.00 - $40.00 (rebate) = $30.00
Considering the cost of the phone over the 2-year contract, we divide $30.00 by 24 months:
Phone cost per month = $30.00 / 24 = $1.25 per month
Total cost per month for Sprint's plan, including the phone cost:
Total cost per month = $44.50 + $1.25 = $45.75 per month
Comparing the total cost per month, Verizon's plan is $178.00 while Sprint's plan is $45.75.
Based on this comparison, it is evident that Sprint's plan is the better deal as it is significantly cheaper than Verizon's plan.