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?
Since Sprint requires a 2-year (24-month) contract, for M months and m non-weekend minutes per month, that is
(70-30) + 24(30+.029m) = 760 + .696m
Verizon for 24 months with m non-network minutes minutes each, charges
24(28+.3m) = 672 + 7.2m
All that stuff about weekend minutes, non-network minutes throws everything off, but with equal numbers of charged minutes, Verizon is a better 2-year deal only if
672 + 7.2m < 760 + .696m
m < 13.5
To compare the two plans, we need to consider the total cost over a certain period, assuming a specific number of minutes used. Let's break down the costs and equations for each plan separately:
Verizon Plan:
Monthly cost = $28.00
Additional cost per minute = $0.30
Sprint Plan:
Monthly cost = $30.00
Additional cost per minute = $0.029
To determine which plan is a better deal, we need to compare the total cost for a specific number of minutes used. Let's assume we are comparing the plans over a one-year period.
For Verizon, the equation to calculate the total cost over a year would be:
Total cost (Verizon) = Monthly cost + (Additional cost per minute * Number of minutes used in a year)
For Sprint, the equation to calculate the total cost over a year would be:
Total cost (Sprint) = (Monthly cost * 12) + (Additional cost per minute * Number of minutes used in a year)
Now you need to input specific values for the number of minutes used in a year to determine the total cost for each plan. Once you have these values, you can compare the total costs to determine which plan is a better deal.