Respuesta :
The amount of money saved by the person is [tex]\boxed{\$\ 96.01}[/tex].
Further explanation:
Given:
The person buys the computer with a down payment of [tex]\$\ 510[/tex] and monthly payments of [tex]\$\ 35.75[/tex] for [tex]8\text{ months}[/tex].
The cost of the computer if the person pays cash for the computer is [tex]\$\ 699.99[/tex].
Calculation:
The monthly payment by the person is [tex]\$\ 35.75[/tex] for [tex]8\text{months}[/tex].
The payment made by the person in [tex]8\text{months}[/tex] can be calculated as follows:
[tex]\boxed{8\times 35.74=216}[/tex]
This implies that the payment by the person in [tex]8\text{ months}[/tex] is [tex]\$\ 216[/tex].
The down payment made by the person to buy the computer is [tex]\$\ 510[/tex].
Therefore, total payment done by the person is calculated as follows:
[tex]\boxed{510+286=796}[/tex]
This implies that the total payment to be paid by the person in downpayment and monthly payment is [tex]\$\ 796[/tex].
The cost of the computer is [tex]\$\ 699.99[/tex] if the person pays cash for the computer.
Therefore, the person buys the computer in [tex]\$\ 796[/tex] if he is paying monthly payment that is more than the actual cost of the computer.
The loss of the person to buy the computer can be calculated as follows:
[tex]\boxed{796-699.99=96.01}[/tex]
The loss of the person is [tex]\$\ 96.01[/tex].
Therefore, the amount of money saved by the person is [tex]\boxed{\$\ 96.01}[/tex].
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Answer details:
Grade: Middle school
Subject: Mathematics
Chapter: Algebraic expression
Keywords: Mr. Hower, computer, monthly payments, down payment, paying, cash, actual cost, algebra, 699.99, 510, 35.75, saves money.
