Question

A television set costs $350 cash. When bought on hire purchase, a deposit of $35 is required, followed by 12 monthly payments of $30 each. How much is saved by paying cash?

(A) $10
(B) $25
(C) $40
(D) $45​

Answer 1

35+(30x12)= 395
395-350=45
So D

Answer 2

Given:
The cost of the television cost = $350
The money deposited for hire purpose = $35
The time period for monthly payment = 12
The monthly payment amount = $30
To Find :
The amount of money saved by paying cash
Solution :
:: Total price of television = $350
:: $35 is deposited as hire money
And $30 each is deposited for 12 months
:: Total deposited money = $30 x 12
= $360
As The hire money deposited = $35
So, Total money spend on television = $360
+ $35
= $395
Again
As The cost of the television set = $350
:: The money saved by paying cash = Total
money spend on television - cost of the
television set

The money saved by paying cash = Total
money spend on television - cost of the
television set
Or, The money saved by paying cash = $395 -
$350
= $45
Hence, The money saved by paying
cash is $45 .
Answer is D
Please give brainliest