Question

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?

Answer 1

122 x 30 = 3660

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

Answer 2

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.