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?

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Biology

Hanson

6 January, 14:51

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?

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Lena Mitchell · 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