Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-A couch sells for $1280. Instead of paying the total amount at the time of purchase, the same couch can be bought by paying $300 down and $90 a month for 12 months. How much is saved by paying the total amount at
The time of purchase?
A) $10
B) $200
C) $100
D) $1090

Question

Quizplus · Accepted Answer

The total cost when paying monthly is $300 down payment + ($90 * 12 months) = $300 + $1080 = $1380. The difference between paying all at once ($1280) and paying monthly ($1380) is $1380 - $1280 = $100. Therefore, $100 is saved by paying the total amount at the time of purchase.

Set Up an Equation That Can Be Used to Solve