A student wants to purchase a new bicycle that costs $350. They have $150 in cash, a $50 gift card,

Question

A student wants to purchase a new bicycle that costs $350. They have $150 in cash, a $50 gift card,

and a credit card with a $500 limit. Identify the payment method that can cover the cost of the new
bike.(1 point)
None of the payment methods will cover the cost of the new bicycle.
cash
credit card
gift card

Answer 1

The payment method that can cover the cost of the new bicycle is a combination of cash, gift card, and credit card. The student has $150 in cash, a $50 gift card, and a credit card with a $500 limit. By using $150 in cash, $50 from the gift card, and charging the remaining $150 on the credit card, the student can cover the cost of the new bike.