The amount saved by paying the total amount at the time of purchase is $ 650
Solution:
Given , a television sells for $ 900
Cost of television at time of purchase = $ 900
Instead of paying the total amount at the time of the purchase the television can be bought by paying 150 down and 100 a month for 14 months
The cost spend when television is bought by paying 150 down and 100 a month for 14 months is given as:
cost spend = 150 + 100(14)
cost spend = 150 + 1400 = 1550
Thus cost spend by paying in months = $ 1550
Amount saved = cost spend by paying in months - Cost of television at time of purchase
Amount saved = $ 1550 - $ 900 = $ 650
Thus amount saved by paying the total amount at the time of purchase is $ 650