Question

a couch sells for $1260. instead of paying the toatl amount at the time of the purchase, the same couch can be brought by paying 400 down and 80 a month for 12 months. how much is saved by paying the total amount at the time of the purchase

Answer 1

If you pay $400 down, plus $80 for the next 12 months, that means you're paying (80*12)+400 which is equal to $1360. You're saving $100 by paying the entire total up front.

Answer 2

$100 can be saved.

Explanation:

A couch sells for = $1260

The same couch can be brought by paying 400 down payment and $80 per month for 12 months.

Total amount will be paid = 400 + (80× 12)

= 400 + 960

= $1,360

Difference between the amounts = 1360 - 1260

= $100

You can save $100 by paying the total amount at the time of the purchase.