Question

A television sells for $850. Instead of paying the total amount at the time of the purchase, the same television can be bought by paying $150 down and $100 a month for 14 months. How much is saved by paying the total amount at the time of the purchase?

Answer 1

Answer:

700$ will be saved :)

Step-by-step explanation:

So! We have 850$ right away vs 150 + 100(14). Let's see and calculate.

100 * 14 = 1400. 150 + 1400 = 1550.

Now, let's subtract 1550 and 850.

We get...

700$

Answer 2

Answer:

$550

Step-by-step explanation:

The second option paying $100 for 14 months would cost you $1400 because 14 x 100 = 1400.

There's also the $150 down payment, meaning you actually pay $1550 after this has been added on top of the $1400 worth of monthly payments.

$1550 - $850 = $700, meaning you would save $700 by paying for the total amount at the time of the purchase rather than later.