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nidafm17 nidafm17
  • 29-01-2016
  • Mathematics
Answered

A used car is priced at $2,695. If you borrow the money for the car, your payments will be $122 a month for 30 months. How much will you save by paying cash?

Verified Answer :

mathwiz35 mathwiz35
  • 29-01-2016

122 x 30 = 3660

so you would save 
3660 - 2695 = 965 if you pay cash.

Answer Link
taskmasters
taskmasters taskmasters
  • 29-01-2016

You'll save $965 if you pay in cash.

Given:
Price of car = 2,695
Monthly payments = 122
No. of months = 30

122 * 30 = 3,660

3,660 - 2,695 = 965  Savings if you pay in cash.

Answer Link

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