A television sells for $850. Instead of paying the total amount at the time of the purchase, the same television can be bought b
y paying $150 down and $100 a month for 14 months. How much is saved by paying the total amount at the time of the purchase?
2 answers:
Answer:
700$ 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:
$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.
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