Question

A used motorcycle is priced at 3,438 if u borrow the money for the motorcycle your payment will be 165 per month for 24 months. How much will u save by paying cash

Answer 1

you should save 522 by paying with cash

Answer 2

522

Explanation:

We are given that the price of the motorcycle is 3238 and if we borrow it then the payment per month will be 165 for 24 months.

So the total amount that we are going to pay if we borrow the motorcycle will be 165 × 24 = 3960

While the actual price of the bike is 3438.

Difference in the payment and actual price = 3960 - 3438 = 522

Therefore, you can save 522 by paying cash.