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kirza4 [7]
3 years ago
15

Barbara can pay either $80 per month or one lump sum of $800 per year for car insurance. How much does she save yearly if she ch

ooses the lump sum payment option?
Mathematics
1 answer:
Schach [20]3 years ago
4 0

Answer:

$160

Step-by-step explanation:

In the monthly payment option she would pay $80 per month, therefore in a year (12 months) she would pay:

$80*12 =  $960

We can see that this amount is greater than the $800 she would pay in the lump sum payment option.

The money she would save is:

$960 - $800 = $160

She would save<u> $160 yearly</u> with the lump sum payment option.

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