Question

Needing help with solving multi-step problems.Appliance City is advertising a 27-inch television set for $650 or $58 per month for 12 months on credit.A) What operations would you need to perform to find out how much a customer would save by paying cash instead of buying on credit?B) Find the amount of the savings?

Answer 1

Solution:

Given that a 27-inch television set is advertised for $650 or $58 per month for 12 months on credit.

This implies that payment can be made at once by paying $650 or a monthly payment of $58 for 12 months.

A) The mathematical operations performed to find out how much a customer saves by paying cash instead of buying on credit include:

$Multiplication\text{ and subtraction}$

B) Amount of the savings.

The amount saved is evaluated as

$\begin{gathered} amount\text{ saved = \lparen}\ 58\times12\text{ months\rparen-\ 650} \\ =\ (696-650) \\ \Rightarrow amount\text{ saved =\ 46} \end{gathered}$