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Ishaan+wants+to+purchase+a+new+TV+for+his+family.+The+TV+costs+$999.+He+currently+has+$100+in+cash+$500+on+his+debit+card+and+a+credit+card+with+$300+limit.+Identify+the+payment+method+that+can+cover+the+cost+of+the+new+

1. debit card
2.Any+of+the+payment+methods+is+enough+to+cover+the+cost+of+the+new+
3. credit card
4. None+of+the+payment+methods+is+enough+to+cover+the+cost+of+the+new+

1 answer

To determine which payment method Ishaan can use to purchase the TV that costs $999, we need to evaluate his available funds:

  1. Cash: $100
  2. Debit card: $500
  3. Credit card limit: $300

Now, let's calculate the total available funds:

  • Cash: $100
  • Debit card: $500
  • Credit card: $300

Total available funds = $100 (cash) + $500 (debit) + $300 (credit) = $900

Since the total available funds ($900) are less than the cost of the TV ($999), none of the payment methods can cover the full cost of the TV.

Thus, the correct answer is:

  1. None of the payment methods is enough to cover the cost of the new TV.