Mr. Smith wants to buy a new dining room table that costs $1,500. He has $2,000 in cash, a $500 gift card, and a credit card with a $1,000 limit. Identify the payment method that can cover the cost of the new table.(1 point)

Question

Responses

credit card
credit card

cash
cash

gift card
gift card

Any of the three payment methods mentioned can cover the cost of the table.

Answer 1

To cover the cost of the new dining room table that costs $1,500, Mr. Smith can use any of the three payment methods mentioned, as follows:

1. Cash: He has $2,000 in cash, which is sufficient to cover the $1,500 cost.
2. Gift Card: He has a $500 gift card. He would need to pay the remaining $1,000 using cash or credit card.
3. Credit Card: He has a credit card with a $1,000 limit. He can use this to pay part of the cost and then pay the remaining $500 with cash.

Therefore, the correct response is: Any of the three payment methods mentioned can cover the cost of the table.