A car dealer priced a car at $84000. Customers can purchase the car using the following two schemes:
Scheme A: Cash payment with 10% discount
Scheme B: 20% deposit and $950 monthly installment for 6 years and 3 months.
Mrs Lee bought the car under scheme B.
(a) Calculate the total amount of money Mrs Lee paid for the car.
(b) Calculate the percentage savings she would have made if she paid by cash
(Show all workings clearly)

Question

A car dealer priced a car at $84000. Customers can purchase the  car using the following two schemes:
Scheme A: Cash payment with 10% discount
Scheme B: 20% deposit and $950 monthly installment for 6 years and 3 months.
Mrs Lee bought the car under scheme B.
(a) Calculate the total amount of money Mrs Lee paid for the car.
(b) Calculate the percentage savings she would have made if she paid by cash
(Show all workings clearly)

anonymous · Answer

a) 950 * 3(24 + 1) = ?
b) 84000 * 0.9 = ?

anonymous · Answer

Sorry, 950 * ((6*12)+3) is probably more appropriate and obvious.