Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price.

a wedding dress with a cash price of $1,250, at $93 per month for 15 months

is incorrect

To calculate the total installment price, we multiply the monthly payment by the number of months:

(a) The total installment price = $93 * 15 months = $1,395.

To calculate the carrying charges, we subtract the cash price from the total installment price:

(b) Carrying charges = Total installment price - Cash price = $1,395 - $1,250 = $145.

To find the number of months needed to save the money at the monthly rate to buy the item for its cash price, we divide the cash price by the monthly payment:

(c) Number of months needed = Cash price / Monthly payment = $1,250 / $93 ≈ 13.44 months.

Since we can't have a partial month, we round up to the nearest whole month. Therefore, the number of months needed to save the money is 14 months.

To determine the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price, we can break down the given information.

a) The total installment price:
The total installment price can be calculated by multiplying the monthly installment amount by the number of months:
Total installment price = Monthly installment amount × Number of months

In this case, the monthly installment amount is $93, and the number of months is 15.
Total installment price = $93 × 15 = $1,395

Therefore, the correct answer for (a) the total installment price is $1,395.

b) The carrying charges:
Carrying charges refer to the extra amount paid for purchasing an item on installment rather than paying in full upfront. It can be calculated by subtracting the cash price from the total installment price:
Carrying charges = Total installment price - Cash price

In this case, the cash price is $1,250, and the total installment price is $1,395.
Carrying charges = $1,395 - $1,250 = $145

Therefore, the correct answer for (b) the carrying charges is $145.

c) The number of months needed to save the money at the monthly rate to buy the item for its cash price:
To calculate the number of months needed to save the cash price, we need to divide the cash price by the monthly saving rate:
Number of months = Cash price / Monthly saving rate

In this case, the cash price is $1,250 and the monthly saving rate is $93.
Number of months = $1,250 / $93 = 13.44

Since we cannot have a fraction of a month, we need to round up to the nearest whole number. Therefore, the correct answer for (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price is 14 months.

To summarize:
(a) The total installment price is $1,395.
(b) The carrying charges are $145.
(c) The number of months needed to save the money at the monthly rate to buy the item for its cash price is 14 months.

a. Cost = $93/mo. * 15mo. = $1395.

b. Carrying Charge = 1395-1250 =

c. $1250/($93/mo.) =