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?

1 Answer
sankarankalyanam
Mar 15, 2018

Savings by paying through cash #color(white)(aaa aaa ) $ color(white)(aa) color(green)(965 #

Explanation:

Payment for one month #= $ 122#

Payment for 30 months #= 122 * 30 = $3, 660# (1)

Price of the car #color(white)( aaaa aaa aaaaaaaaa)= $ 2,695 # (2)

Subtracting (2) from (1),

Savings by paying through cash #color(white)(aaa aaa ) $ color(white)(aa) color(green)(965 #

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