Question

À television ser costs $350 cash. When

bought on hire purchase, a deposit of $35 is
required, followed by 12 monthly payments
of $30. How much is saved by paying cash​

Answer 1

$45.

Explanation:

When the TV is bought on hire purchase, you deposit $35 and pay $30 monthly. There are 12 payments. 12 * 30 = $360. 360 + 35 = $395.

Since cash would've cost $350, the amount of money saved by paying cash is 395 - 350 = $45.

Hope this helps!