Calculating the Total Cost of Your Phone with Warranty

Explanation:

The total cost of the phone is computed as:

Total cost = Cost of phone for 2 years + Cost of warranty coverage for 2 years

Firstly, the cost of phone for 2 years is computed as:

Cost of phone =

(For first year) Per month Cost × 12 months + (For second year) Per month Cost × 12 months

= $39.95 × 12 + $39.95 × 12

= $479.4 + $479.4

= $958.8

Then, the cost of warranty coverage for 2 years is computed as:

Cost of warranty =

(For first year) Per month Cost × 12 months + (For second year) Per month Cost × 12 months

= $12.99 × 12 + $12.99 × 12

= $155.88 + $155.88

= $311.76

Therefore, the total cost would be:

Total cost = $958.8 + $311.76

Total cost = $1,270.56