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If a TV set is bought on the installment plan there is a down payment of $25 and 12 monthly payments of $15 each. The same set...Asked by Juliet
If a TV set is bought on the installment plan there is a down payment of $25 and 12 monthly payments of $15 each. The same set may be bought for cash at 12% less than the installment price. The amount saved by making a cash payment is:
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Answered by
Damon
25 + 12*15 = 205
.12 * 205 = 24.60 saved
.12 * 205 = 24.60 saved
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