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A television sells for $950. Instead of paying the total amount at the time of the purchase, the same television can be bought by paying $150 down and $100 a month for 14 months. How much is saved by paying the total amount at the time of the purchase

Respuesta :

sqdancefan

Answer:

  $600

Step-by-step explanation:

The cost using time payments is ...

  down payment + monthly payment × number of months

  = $150 +100 × 14

  = $150 +1400

  = $1550 . . . . cost of purchase on time

Then the savings when paying at the time of purchase is ...

  $1550 -950 = $600

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