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Mary is planning to buy a mobile phone that costs $500. She can choose any of five different payment plans with varying simple inte
periods:
plan 1: 6% for 10 months
plan 2: 8% for 12 months
plan 3: 10% for 14 months
plan 4: 12% for 18 months
plan 5: 14% for 12 months
Which plan offers the lowest monthly payments?
O A. plan 1
B. plan 2
C.
plan 3
D.
plan 4
E.
plan 5
m. All rights reserved.
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D
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