The amount of money saved by the person is .
Further explanation:
Given:
The person buys the computer with a down payment of and monthly payments of
for
.
The cost of the computer if the person pays cash for the computer is .
Calculation:
The monthly payment by the person is for
.
The payment made by the person in can be calculated as follows:
This implies that the payment by the person in is
.
The down payment made by the person to buy the computer is .
Therefore, total payment done by the person is calculated as follows:
This implies that the total payment to be paid by the person in downpayment and monthly payment is .
The cost of the computer is if the person pays cash for the computer.
Therefore, the person buys the computer in if he is paying monthly payment that is more than the actual cost of the computer.
The loss of the person to buy the computer can be calculated as follows:
The loss of the person is .
Therefore, the amount of money saved by the person is .
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Answer details:
Grade: Middle school
Subject: Mathematics
Chapter: Algebraic expression
Keywords: Mr. Hower, computer, monthly payments, down payment, paying, cash, actual cost, algebra, 699.99, 510, 35.75, saves money.