Question

A television sells for ​$600. Instead of paying the total amount at the time of the​ purchase, the same television can be bought by paying ​$150 down and ​$50 a month for 14 months. How much is saved by paying the total amount at the time of the​ purchase?

Answer 1

In this question, the television can be bought by paying $150 down and $50 a month for 14 months. Then, the total amount of the money paid with this method would be: $150+ ($50/month) *14months = $850

The money saved by paying it on front the would be: $850- $600= $250