Answer:
You would rather buy the television outright for the $675
Step-by-step explanation:
In order to determine this, you need to find the total cost of the television on the payment plan. To get that, multiply the monthly payments by the amount of months. Then add the down payment.
6(120) + 52
720 + 52
772
Since 772 is larger than 675, we would rather pay in cash
Paying $675.00 cash for the television, in the beginning, is better than paying $52.00 down and $120.00 per month for 6 months.
Word problems can be solved by reading the question very thoroughly and understanding its meaning. Then we have to convert the word problem into a mathematical format.
Total amount paid when EMI option is taken = Downpayment + Total of all monthly installments
= $52.00 + (6*$120.00)
= $52.00 + $720.00
= $772.00
Paying cash for the television would only cost $675.00.
This is the cheaper alternative.
Therefore, we have determined that paying $675.00 cash for the television, in the beginning, is better than paying $52.00 down and $120.00 per month for 6 months.
Learn more about word problems here: https://brainly.com/question/21405634
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